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

Admiral Group plc (LON:ADMGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,151.37 and traded as high as GBX 3,528. Admiral Group shares last traded at GBX 3,524, with a volume of 119,048,539 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada downgraded shares of Admiral Group to a “sector perform” rating and cut their price objective for the company from GBX 3,560 to GBX 3,450 in a report on Friday, June 19th. UBS Group raised shares of Admiral Group to a “buy” rating and boosted their target price for the stock from GBX 3,300 to GBX 3,500 in a research report on Tuesday, March 10th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 2,787.43.

Check Out Our Latest Research Report on Admiral Group

Admiral Group Price Performance

The company has a market cap of £10.53 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The company has a debt-to-equity ratio of 131.19, a quick ratio of 0.42 and a current ratio of 6.56. The stock has a 50 day moving average of GBX 3,359.18 and a 200-day moving average of GBX 3,151.37.

Insiders Place Their Bets

In other news, insider Geraint Jones acquired 249 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of GBX 3,308 per share, with a total value of £8,236.92. Insiders own 13.71% of the company’s stock.

Admiral Group Company Profile

(Get Free Report)

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.

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