Admiral Group (LON:ADM) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Admiral Group (LON:ADM) stock traded above its 200-day moving average for the first time, reaching prices as high as GBX 3,334 ($45.23).
• Wall Street analysts have mixed opinions on the stock, with target prices ranging from GBX 2,350 to GBX 4,100 and an overall average rating of "Hold".
• The company has a market capitalization of £9.89 billion and a debt-to-equity ratio of 115.01, indicating significant leverage.

Admiral Group plc (LON:ADM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,253.15 ($44.09) and traded as high as GBX 3,334 ($45.19). Admiral Group shares last traded at GBX 3,308 ($44.84), with a volume of 253,568 shares.

Analyst Upgrades and Downgrades

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

Admiral Group Trading Down 1.1%

The firm has a fifty day simple moving average of GBX 3,421.88 and a 200-day simple moving average of GBX 3,265.24. The firm has a market cap of £9.91 billion, a P/E ratio of 1,228.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. 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 Buying and Selling

In related news, insider Mike Rogers bought 3,350 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of GBX 3,553 per share, for a total transaction of £119,025.50. Also, insider Michael Brierley bought 28 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of GBX 3,272 per share, for a total transaction of £916.16. 13.81% of the stock is owned by company insiders.

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.