Admiral Group (LON:ADM) Shares Cross Above 200 Day Moving Average – What’s Next?

Admiral Group plc (LON:ADMGet Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,207.32 and traded as high as GBX 3,596. Admiral Group shares last traded at GBX 3,538, with a volume of 387,255 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered Admiral Group to a “sector perform” rating and reduced their price objective for the stock 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 given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,787.43.

View Our Latest Stock Report on Admiral Group

Admiral Group Stock Performance

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 stock has a fifty day simple moving average of GBX 3,448.19 and a 200 day simple moving average of GBX 3,207.32. The firm has a market capitalization of £10.58 billion, a P/E ratio of 14.64, a PEG ratio of 1.69 and a beta of 0.19.

Insider Activity

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 shares were bought at an average price of GBX 3,308 per share, with a total value of £8,236.92. Corporate insiders own 13.71% of the company’s stock.

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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