Admiral Group (LON:ADM) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Admiral Group plc (LON:ADMGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,189.75 and traded as high as GBX 3,664. Admiral Group shares last traded at GBX 3,610, with a volume of 345,485 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered shares of Admiral Group to a “sector perform” rating and cut their price target for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,787.43.

Read Our Latest Analysis on ADM

Admiral Group Price Performance

The firm’s fifty day moving average price is GBX 3,406.31 and its 200 day moving average price is GBX 3,189.75. The firm has a market capitalization of £10.79 billion, a PE ratio of 14.94, a P/E/G ratio of 1.69 and a beta of 0.19. The company has a current ratio of 6.56, a quick ratio of 0.42 and a debt-to-equity ratio of 131.19.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Geraint Jones bought 249 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of GBX 3,308 per share, for a total transaction of £8,236.92. 13.71% of the stock is owned by corporate insiders.

About Admiral Group

(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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