Admiral Group (LON:ADM) Hits New 1-Year High - Here's What Happened

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)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 3,630 ($49.29) and last traded at GBX 3,614 ($49.08), with a volume of 567803 shares trading hands. The stock had previously closed at GBX 3,368 ($45.74).

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADM. Berenberg Bank upped their target price on Admiral Group from GBX 3,550 ($48.21) to GBX 3,850 ($52.28) and gave the company a "buy" rating in a report on Tuesday, July 22nd. Citigroup upped their target price on Admiral Group to GBX 260 ($3.53) and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their target price on Admiral Group from GBX 2,700 ($36.66) to GBX 3,050 ($41.42) and gave the company a "neutral" rating in a report on Wednesday, July 30th.

Admiral Group Price Performance

The firm has a market capitalization of £10.92 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The business has a fifty day moving average of GBX 3,332.63 and a 200-day moving average of GBX 3,139.28. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Michael Brierley acquired 28 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average cost of GBX 3,272 ($44.43) per share, with a total value of £916.16 ($1,244.11). 18.30% of the stock is owned by company insiders.

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.

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