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

Admiral Group plc (LON:ADM)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADM. UBS Group upgraded Admiral Group to a “buy” rating and lifted their price target for the company from GBX 3,300 to GBX 3,500 in a research report on Tuesday, March 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,560 target price on shares of Admiral Group in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group lowered shares of Admiral Group to a “sell” rating and dropped their target price for the company from GBX 3,954 to GBX 2,902 in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Admiral Group presently has a consensus rating of “Hold” and an average target price of GBX 2,803.14.

Admiral Group Price Performance

The stock has a 50 day moving average of GBX 2,949.46 and a 200 day moving average of GBX 3,118.98. The firm has a market cap of £9.24 billion, a P/E ratio of 11.45, a PEG ratio of 1.69 and a beta of 0.23.

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