Admiral Group (LON:ADM) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Admiral Group plc (LON:ADM)’s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 3,518.24 and traded as high as GBX 3,656. Admiral Group shares last traded at GBX 3,618, with a volume of 703,451 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on ADM shares. Berenberg Bank cut shares of Admiral Group to a “hold” rating and set a GBX 4,200 target price for the company. in a research report on Thursday, August 27th. Citigroup upped their price target on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada increased their price target on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a “sector perform” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 3,813.60.

Admiral Group Trading Down 0.6%

The firm has a 50-day moving average of GBX 3,820.26 and a two-hundred day moving average of GBX 3,518.24. The firm has a market capitalization of £10.81 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.69 and a beta of 0.19. The company has a current ratio of 4.99, a quick ratio of 0.42 and a debt-to-equity ratio of 139.06.

Admiral Group Company Profile

Admiral Group plc is an established financial services provider offering motor, household, travel and pet insurance, as well as personal lending products, trading in five countries, namely the UK, France, Italy, Spain and the US. Founded in 1993, Admiral has grown to become an established multinational and multi-product insurer and is proud to be Wales’ only FTSE 100 Company. As the leading personal motor insurance provider in the UK, Admiral continues to focus on technology and agility, diversifying the businesses, and progressing with the evolution of motor.