Admiral Group (LON:ADM) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Technical breakout: Admiral's shares crossed above their 200-day moving average (200‑day MA GBX 3,109.58) and last traded at GBX 3,301.80 on volume of 830,478, with the 50‑day MA at GBX 3,040.99, signaling a short‑term move higher.
• Mixed analyst view with cautious price target: Analysts are split (3 Buy / 2 Hold / 2 Sell) giving an average rating of "Hold" and a consensus price target of GBX 2,803.14, which is below the current share price and suggests limited analyst upside despite the technical strength.

Admiral Group plc (LON:ADM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,109.58 and traded as high as GBX 3,355.96. Admiral Group shares last traded at GBX 3,301.80, with a volume of 830,478 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ADM shares. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 3,560 target price on shares of Admiral Group in a report on Wednesday, March 18th. The Goldman Sachs Group downgraded Admiral Group to a "sell" rating and reduced their target price for the company from GBX 3,954 to GBX 2,902 in a report on Wednesday, January 21st. Finally, UBS Group upgraded Admiral Group to a "buy" rating and increased their price target for the company from GBX 3,300 to GBX 3,500 in a research report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Admiral Group currently has an average rating of "Hold" and a consensus price target of GBX 2,803.14.

Admiral Group Stock Down 0.6%

The stock has a market capitalization of £9.88 billion, a PE ratio of 13.68, a P/E/G ratio of 1.69 and a beta of 0.14. The stock's 50-day moving average is GBX 3,040.99 and its 200 day moving average is GBX 3,109.58.

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

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.