Admiral Group (LON:ADM) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Admiral Group plc (LON:ADM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,118.98 and traded as high as GBX 3,148. Admiral Group shares last traded at GBX 3,092, with a volume of 2,680,825 shares changing hands.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. UBS Group raised shares of Admiral Group to a “buy” rating and boosted their target price for the company from GBX 3,300 to GBX 3,500 in a report on Tuesday, March 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 3,560 price target on shares of Admiral Group in a research report on Wednesday, March 18th. Finally, The Goldman Sachs Group lowered Admiral Group to a “sell” rating and decreased their price objective for the company from GBX 3,954 to GBX 2,902 in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 2,803.14.

Admiral Group Trading Down 1.8%

The firm has a market cap of £9.24 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.23. The stock’s fifty day moving average is GBX 2,949.46 and its two-hundred day moving average is GBX 3,118.98.

Admiral Group (LON:ADM) last announced its quarterly earnings results on Thursday, March 5th. The company reported GBX 247.40 EPS for the quarter. Admiral Group had a net margin of 13.47% and a return on equity of 51.59%. On average, analysts forecast that Admiral Group plc will post 161.0199297 EPS for the current year.

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.