Admiral Group (LON:ADM) Reaches New 52-Week High - Still a Buy?

Key Points

• Admiral Group's stock reached a new 52-week high of GBX 3,630 ($49.29) during trading, closing at GBX 3,614 ($49.08) with a volume of 567,803 shares.
• Analysts from Berenberg Bank, Citigroup, and JPMorgan Chase have raised their target prices for Admiral Group, reflecting increased positive sentiment toward the company's stock.
• The company has a market capitalization of £10.92 billion and is notable for being Wales' only FTSE 100 Company, indicating its significant presence in the financial services sector.

Admiral Group plc (LON:ADM - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as GBX 3,630 ($49.23) and last traded at GBX 3,614 ($49.01), with a volume of 567803 shares traded. The stock had previously closed at GBX 3,368 ($45.67).

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Admiral Group to GBX 260 ($3.53) and gave the stock a "neutral" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Admiral Group from GBX 2,700 ($36.62) to GBX 3,050 ($41.36) and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Berenberg Bank lifted their price objective on shares of Admiral Group from GBX 3,850 ($52.21) to GBX 4,000 ($54.24) and gave the stock a "buy" rating in a research report on Friday.

Admiral Group Stock Performance

The company has a debt-to-equity ratio of 115.01, a current ratio of 7.57 and a quick ratio of 0.42. The stock's 50-day simple moving average is GBX 3,341.45 and its 200 day simple moving average is GBX 3,157.77. The stock has a market capitalization of £10.94 billion, a P/E ratio of 27.29, a PEG ratio of 1.69 and a beta of 0.18.

Insiders Place Their Bets

In other Admiral Group news, insider Michael Brierley bought 28 shares of Admiral Group stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of GBX 3,272 ($44.37) per share, with a total value of £916.16 ($1,242.42). Also, insider Mike Rogers bought 3,350 shares of Admiral Group stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of GBX 3,553 ($48.18) per share, with a total value of £119,025.50 ($161,412.39). Insiders own 18.30% of the company's stock.

Admiral Group Company Profile

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.