Admiral Group (LON:ADM) Stock Crosses Above 200-Day Moving Average – What’s Next?

Admiral Group plc (LON:ADM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,137.31 and traded as high as GBX 3,480. Admiral Group shares last traded at GBX 3,452, with a volume of 95,841,594 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on ADM shares. UBS Group upgraded shares of Admiral Group to a “buy” rating and lifted their price target for the company from GBX 3,300 to GBX 3,500 in a report on Tuesday, March 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 3,560 price target on shares of Admiral Group in a research report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Admiral Group has an average rating of “Hold” and an average price target of GBX 2,803.14.

Admiral Group Trading Down 0.2%

The company has a quick ratio of 0.42, a current ratio of 6.56 and a debt-to-equity ratio of 131.19. The firm has a market cap of £10.32 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The business has a 50 day moving average price of GBX 3,337.96 and a 200-day moving average price of GBX 3,137.31.

Insider Activity

In related news, insider Geraint Jones bought 249 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Company insiders own 13.71% of the company’s stock.

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.