Admiral Group (LON:ADM) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Admiral Group plc (LON:ADM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,122.38 and traded as high as GBX 3,304. Admiral Group shares last traded at GBX 3,270, with a volume of 104,583,625 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ADM shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,560 price objective on shares of Admiral Group in a report on Wednesday, March 18th. UBS Group upgraded Admiral Group to a “buy” rating and raised their price objective for the stock from GBX 3,300 to GBX 3,500 in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Admiral Group presently has a consensus rating of “Hold” and a consensus target price of GBX 2,803.14.

Admiral Group Stock Performance

The firm has a market capitalization of £9.77 billion, a PE ratio of 13.53, a P/E/G ratio of 1.69 and a beta of 0.18. The firm has a fifty day moving average of GBX 3,294.12 and a 200 day moving average of GBX 3,122.38.

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