Admiral Group (LON:ADM) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Admiral Group plc (LON:ADM) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,490.74 and traded as high as GBX 3,916. Admiral Group shares last traded at GBX 3,894, with a volume of 743,222 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Berenberg Bank cut shares of Admiral Group to a “hold” rating and set a GBX 4,200 target price on the stock. in a research report on Thursday, August 27th. Royal Bank Of Canada raised their target price on Admiral Group from GBX 3,450 to GBX 3,950 and gave the company a “sector perform” rating in a research note on Wednesday, August 12th. Finally, Citigroup increased their price target on Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Admiral Group has a consensus rating of “Hold” and a consensus price target of GBX 3,813.60.

Admiral Group Stock Performance

The company has a fifty day moving average of GBX 3,810.11 and a two-hundred day moving average of GBX 3,493.03. The stock has a market capitalization of £11.41 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 139.06, a current ratio of 4.99 and a quick ratio of 0.42.

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.