Admiral Group (LON:ADM) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Admiral Group (LON:ADM) crossed above its 200-day moving average
• Analysts are split: UBS upgraded to a Buy with a GBX 3,500 target, Goldman Sachs cut to Sell with GBX 2,902, and RBC kept an Outperform at GBX 3,560, leaving a consensus "Hold" and an average target of GBX 2,803.14 (3 Buy, 2 Hold, 2 Sell).
• Fundamentals show a market cap of £10.26bn and a P/E of 14.20, with strong profitability (ROE 51.59%, net margin 13.47%) and most recent quarterly EPS of GBX 247.40 against analysts' forecasted EPS of 161.02 for the year.

Shares of Admiral Group plc (LON:ADM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,116.83 and traded as high as GBX 3,450. Admiral Group shares last traded at GBX 3,438, with a volume of 878,660 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group upgraded Admiral Group to a "buy" rating and raised their price objective for the company from GBX 3,300 to GBX 3,500 in a research report on Tuesday, March 10th. The Goldman Sachs Group lowered Admiral Group to a "sell" rating and dropped their price target for the company from GBX 3,954 to GBX 2,902 in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 3,560 price target on shares of Admiral Group in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 2,803.14.

Admiral Group Stock Performance

The business's fifty day moving average price is GBX 3,181.13 and its two-hundred day moving average price is GBX 3,116.83. The stock has a market capitalization of £10.26 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.69 and a beta of 0.14.

Admiral Group (LON:ADM - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported GBX 247.40 EPS for the quarter. Admiral Group had a return on equity of 51.59% and a net margin of 13.47%. As a group, analysts forecast that Admiral Group plc will post 161.0199297 earnings per share for the current year.

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.

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