Admiral Group (LON:ADM) Sets New 12-Month High – What’s Next?

Admiral Group plc (LON:ADM) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,825.36 and last traded at GBX 3,752, with a volume of 3032491 shares traded. The stock had previously closed at GBX 3,802.

Wall Street Analyst Weigh In

ADM has been the subject of several analyst reports. Royal Bank Of Canada cut shares of Admiral Group to a “sector perform” rating and decreased their target price for the company from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Citigroup upgraded shares of Admiral Group to a “buy” rating and raised their price target for the company from GBX 3,277 to GBX 4,243 in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 3,407.50.

Admiral Group Stock Down 1.8%

The company has a market cap of £11.16 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.69 and a beta of 0.19. The business has a fifty day moving average of GBX 3,503.66 and a two-hundred day moving average of GBX 3,246.30. The company has a current ratio of 6.56, a quick ratio of 0.42 and a debt-to-equity ratio of 131.19.

Insider Buying and Selling at Admiral Group

In other Admiral Group news, insider Geraint Jones bought 249 shares of Admiral Group stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of GBX 3,308 per share, with a total value of £8,236.92. 13.71% of the stock is currently owned by insiders.

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.