Admiral Group (LON:ADM) Sets New 52-Week High - Should You Buy?

Key Points

• Admiral Group plc reached a new 52-week high, trading at GBX 3,646 ($49.19), indicating strong performance in the market.
• Wall Street analysts have varied outlooks, with one "Buy" rating and two "Hold" ratings, while JPMorgan and Berenberg Bank have raised their price targets for the stock.
• Corporate insiders own 18.30% of Admiral Group's stock, indicating confidence in the company's future by its management.

Admiral Group plc (LON:ADM - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 3,646 ($49.29) and last traded at GBX 3,642 ($49.24), with a volume of 676012 shares traded. The stock had previously closed at GBX 3,590 ($48.53).

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup lifted their price objective on shares of Admiral Group to GBX 260 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of Admiral Group from GBX 3,800 to GBX 4,100 and gave the stock an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Admiral Group from GBX 2,700 to GBX 3,050 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Berenberg Bank lifted their target price on Admiral Group from GBX 3,850 to GBX 4,000 and gave the stock a "buy" rating in a research report on Friday, August 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Admiral Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,852.50.

Admiral Group Stock Performance

The firm has a market capitalization of £11.18 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.69 and a beta of 0.18. The firm has a 50-day moving average price of GBX 3,374.18 and a two-hundred day moving average price of GBX 3,183.16. The company has a debt-to-equity ratio of 115.01, a current ratio of 7.57 and a quick ratio of 0.42.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Michael Brierley acquired 28 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was bought at an average cost of GBX 3,272 per share, with a total value of £916.16. Also, insider Mike Rogers acquired 3,350 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of GBX 3,553 per share, with a total value of £119,025.50. 18.30% of the stock is owned by corporate 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.