Admiral Group (LON:ADM) Shares Cross Above 200-Day Moving Average of $2,071.04

Admiral Group plc (LON:ADMGet Rating) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,071.04 ($25.27) and traded as high as GBX 2,184 ($26.65). Admiral Group shares last traded at GBX 2,161 ($26.37), with a volume of 354,332 shares changing hands.

Analysts Set New Price Targets

ADM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Admiral Group from GBX 2,620 ($31.97) to GBX 2,490 ($30.38) and set a “hold” rating on the stock in a research report on Monday, October 24th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,819 ($34.40) price objective on shares of Admiral Group in a research note on Thursday, September 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Admiral Group from GBX 1,780 ($21.72) to GBX 1,700 ($20.74) and set an “underweight” rating on the stock in a research report on Thursday, December 8th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 2,286.17 ($27.90).

Admiral Group Stock Performance

The firm’s 50 day moving average is GBX 2,087.40 and its 200 day moving average is GBX 2,071.04. The company has a debt-to-equity ratio of 86.13, a quick ratio of 0.42 and a current ratio of 0.79. The stock has a market cap of £6.54 billion and a P/E ratio of 1,662.31.

About Admiral Group

(Get Rating)

Admiral Group plc provides financial services in the United Kingdom, Spain, Italy, France, Canada, India, and the United States. It offers insurance products, including motor, household, travel, and pet insurance, as well as personal lending products through Admiral loans. The company operates through UK Insurance, International Insurance, Admiral Loans, and Other segments.

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