Admiral Group (LON:ADM) Hits New 1-Year High – Here’s What Happened

Admiral Group plc (LON:ADM)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,692 and last traded at GBX 3,691.67, with a volume of 618522 shares traded. The stock had previously closed at GBX 3,666.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent analyst reports. UBS Group raised shares of Admiral Group to a “buy” rating and raised 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 lowered shares of Admiral Group to a “sector perform” rating and decreased their price objective for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Admiral Group presently has a consensus rating of “Hold” and a consensus target price of GBX 2,787.43.

Admiral Group Stock Performance

The firm has a market capitalization of £11.06 billion, a PE ratio of 15.31, a P/E/G ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42. The company’s fifty day simple moving average is GBX 3,379.51 and its 200 day simple moving average is GBX 3,169.90.

Insider Buying and Selling at Admiral Group

In other news, insider Geraint Jones purchased 249 shares of the stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of GBX 3,308 per share, with a total value of £8,236.92. 13.71% of the stock is currently owned by corporate insiders.

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. 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.