Admiral Group (LON:ADM) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Admiral Group plc (LON:ADM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,253.15 ($44.13) and traded as high as GBX 3,334 ($45.23). Admiral Group shares last traded at GBX 3,308 ($44.87), with a volume of 253,568 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 4,100 target price on shares of Admiral Group in a research note on Tuesday, September 2nd. Berenberg Bank boosted their target price on shares of Admiral Group from GBX 3,850 to GBX 4,000 and gave the company a “buy” rating in a report on Friday, August 15th. Citigroup boosted their target price on shares of Admiral Group to GBX 260 and gave the company a “neutral” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Admiral Group from GBX 2,700 to GBX 3,050 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Peel Hunt cut shares of Admiral Group to a “sell” rating and upped their price target for the stock from GBX 2,270 to GBX 2,350 in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,752.

Admiral Group Stock Up 0.1%

The company’s fifty day moving average is GBX 3,419.48 and its 200-day moving average is GBX 3,253.15. The company has a market capitalization of £9.89 billion, a PE ratio of 1,225.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57.

Insider Activity at Admiral Group

In other Admiral Group news, insider Mike Rogers purchased 3,350 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of GBX 3,553 per share, for a total transaction of £119,025.50. Also, insider Michael Brierley purchased 28 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of GBX 3,272 per share, with a total value of £916.16. Corporate insiders own 13.81% of the company’s stock.

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.