Admiral Group (LON:ADM) Reaches New 1-Year High – What’s Next?

Admiral Group plc (LON:ADM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 4,014 and last traded at GBX 4,014, with a volume of 1336926 shares changing hands. The stock had previously closed at GBX 4,000.

Analyst Ratings Changes

ADM has been the topic of several analyst reports. Citigroup increased their price target on Admiral Group from GBX 4,243 to GBX 4,516 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on Admiral Group from GBX 3,450 to GBX 3,950 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. Finally, Berenberg Bank upped their target price on Admiral Group from GBX 3,800 to GBX 4,200 and gave the stock a “buy” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Admiral Group presently has an average rating of “Hold” and an average price target of GBX 3,569.67.

Admiral Group Stock Performance

The company has a current ratio of 4.99, a quick ratio of 0.42 and a debt-to-equity ratio of 139.06. The stock has a market capitalization of £12.06 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The firm’s fifty day moving average price is GBX 3,660.35 and its two-hundred day moving average price is GBX 3,354.05.

Insider Buying and Selling

In other news, insider Geraint Jones purchased 249 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Corporate insiders own 13.71% of the company’s stock.

About Admiral Group

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.