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

Admiral Group plc (LON:ADM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered shares of Admiral Group to a “sector perform” rating and dropped their price target for the company from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. Two research 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. Based on data from MarketBeat, Admiral Group presently has an average rating of “Hold” and a consensus price target of GBX 2,787.43.

Admiral Group Trading Up 0.6%

The company has a market capitalization of £10.74 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42. The firm has a fifty day moving average price of GBX 3,411.04 and a 200-day moving average price of GBX 3,192.76.

Insiders Place Their Bets

In other Admiral Group news, insider Geraint Jones acquired 249 shares of Admiral Group stock in a transaction on Friday, June 5th. The stock was purchased at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Corporate 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.