Admiral Group (LON:ADM) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Admiral Group's stock has crossed above its 200-day moving average, trading as high as GBX 3,330 ($44.73) on Monday.
• Analyst ratings are mixed, with two analysts recommending a Buy, two a Hold, and one a Sell, reflecting a consensus target price of GBX 2,752.
• Insider trading activity includes a purchase of 28 shares by Michael Brierley and a sale of 18,933 shares by Geraint Jones, indicating varying levels of confidence among executives.

Admiral Group plc (LON:ADM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,281.97 ($44.08) and traded as high as GBX 3,330 ($44.73). Admiral Group shares last traded at GBX 3,314 ($44.51), with a volume of 723,129 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Peel Hunt cut shares of Admiral Group to a "sell" rating and increased their target price for the stock from GBX 2,270 to GBX 2,350 in a research note on Friday, September 5th. Citigroup raised their price objective on shares of Admiral Group to GBX 260 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Berenberg Bank raised their price objective on shares of Admiral Group from GBX 3,850 to GBX 4,000 and gave the company a "buy" rating in a research report on Friday, August 15th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 4,100 price objective on shares of Admiral Group in a research report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Admiral Group from GBX 2,700 to GBX 3,050 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of GBX 2,752.

Admiral Group Stock Performance

The company has a current ratio of 7.57, a quick ratio of 0.42 and a debt-to-equity ratio of 115.01. The company's fifty day moving average is GBX 3,414.72 and its 200 day moving average is GBX 3,281.97. The company has a market cap of £10.03 billion, a P/E ratio of 1,242.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18.

Insider Buying and Selling at Admiral Group

In other Admiral Group news, insider Michael Brierley bought 28 shares of Admiral Group stock in a transaction that occurred on Tuesday, July 15th. The shares were bought at an average price of GBX 3,272 per share, with a total value of £916.16. Also, insider Geraint Jones sold 18,933 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of GBX 3,265, for a total transaction of £618,162.45. Insiders own 13.81% of the company's stock.

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.

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