Admiral Group (LON:ADM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Admiral Group plc shares have crossed above their 200-day moving average, reaching a trading high of GBX 3,386 ($45.39) on Wednesday.
• Analysts have adjusted their price targets for Admiral Group, with JPMorgan Chase raising it to GBX 3,050 and Berenberg Bank increasing it to GBX 4,000, while the consensus rating remains a "Hold."
• Recent insider trading included sales by Milena Mondini de Focatiis and Geraint Jones, totaling over £1.6 million in shares sold.

Admiral Group plc (LON:ADM - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,311.79 ($44.39) and traded as high as GBX 3,386 ($45.39). Admiral Group shares last traded at GBX 3,328 ($44.61), with a volume of 467,028 shares.

Analysts Set New Price Targets

ADM has been the subject of several recent research reports. JPMorgan Chase & Co. increased 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 research note on Wednesday, July 30th. Berenberg Bank increased their price target 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. Citigroup increased their price target on shares of Admiral Group to GBX 260 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Peel Hunt cut shares of Admiral Group to a "sell" rating and increased their price target for the stock from GBX 2,270 to GBX 2,350 in a report on Friday, September 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 4,100 price target on shares of Admiral Group in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 2,752.

Admiral Group Stock Performance

The company has a quick ratio of 0.42, a current ratio of 7.57 and a debt-to-equity ratio of 115.01. The company has a market capitalization of £9.95 billion, a PE ratio of 1,232.59, a PEG ratio of 1.69 and a beta of 0.18. The stock's fifty day simple moving average is GBX 3,407.29 and its 200-day simple moving average is GBX 3,311.79.

Insider Buying and Selling at Admiral Group

In other Admiral Group news, insider Milena Mondini de Focatiis sold 32,457 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of GBX 3,265, for a total value of £1,059,721.05. Also, insider Geraint Jones sold 18,933 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of GBX 3,265, for a total transaction of £618,162.45. 13.72% of the stock is currently owned by corporate 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.

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