Admiral Group (LON:ADM) Share Price Breaks Above 200 Day Moving Average - What's Next?

Key Points

• Admiral Group shares rose above their 200-day moving average, reaching GBX 3,816 before trading at GBX 3,778, up 0.9% with 327,728 shares exchanged.
• Analyst views remain mixed: Citigroup raised its target to GBX 4,516 with a “buy” rating, while RBC rated the stock “sector perform” and Berenberg downgraded it to “hold.” The consensus rating is “Hold,” with an average price target of GBX 3,813.60.
• Two insiders sold shares on September 28, including transactions totaling approximately £1.68 million; insiders collectively own 13.71% of Admiral Group.

Admiral Group plc (LON:ADM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 3,581.11 and traded as high as GBX 3,816. Admiral Group shares last traded at GBX 3,778, with a volume of 327,728 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADM shares. Royal Bank Of Canada boosted their target price on Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a "sector perform" rating in a research report on Wednesday, August 12th. Citigroup upped their target price on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Berenberg Bank downgraded shares of Admiral Group to a "hold" rating and set a GBX 4,200 price target on the stock. in a report on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Admiral Group has an average rating of "Hold" and a consensus price target of GBX 3,813.60.

Admiral Group Stock Up 0.9%

The company has a current ratio of 4.99, a quick ratio of 0.42 and a debt-to-equity ratio of 139.06. The company has a 50 day simple moving average of GBX 3,803.55 and a two-hundred day simple moving average of GBX 3,581.11. The firm has a market capitalization of £11.29 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.69 and a beta of 0.19.

Insider Activity

In related news, insider Rachel Lewis sold 6,481 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of GBX 3,626, for a total value of £235,001.06. Also, insider Milena Mondini de Focatiis sold 39,950 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of GBX 3,626, for a total value of £1,448,587. Company insiders own 13.71% of the company's stock.

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.

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