Admiral Group plc (LON:ADM - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 3,646 ($49.28) and last traded at GBX 3,642 ($49.23), with a volume of 676012 shares changing hands. The stock had previously closed at GBX 3,590 ($48.53).
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ADM. Royal Bank Of Canada raised their price target on shares of Admiral Group from GBX 3,800 to GBX 4,100 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Admiral Group from GBX 2,700 to GBX 3,050 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Berenberg Bank lifted their target price on shares of Admiral Group from GBX 3,850 to GBX 4,000 and gave the stock a "buy" rating in a report on Friday, August 15th. Finally, Citigroup lifted their target price on shares of Admiral Group to GBX 260 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Admiral Group presently has an average rating of "Moderate Buy" and an average target price of GBX 2,852.50.
View Our Latest Stock Report on Admiral Group
Admiral Group Stock Down 0.6%
The firm has a market capitalization of £11.18 billion, a P/E ratio of 27.90, a PEG ratio of 1.69 and a beta of 0.18. The firm's 50-day moving average is GBX 3,374.18 and its 200 day moving average is GBX 3,189.16. 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 Buying and Selling at Admiral Group
In related news, insider Mike Rogers acquired 3,350 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of GBX 3,553 per share, with a total value of £119,025.50. Also, insider Michael Brierley bought 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 per share, with a total value of £916.16. Insiders own 18.30% of the company's stock.
About Admiral Group
(
Get Free Report)
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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