Admiral Group (LON:ADM) Share Price Passes Above 200-Day Moving Average – What’s Next?

Admiral Group plc (LON:ADM) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,450.13 and traded as high as GBX 3,834. Admiral Group shares last traded at GBX 3,778, with a volume of 817,995 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADM. Citigroup increased their target price on Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a “sector perform” rating in a report on Wednesday, August 12th. Finally, Berenberg Bank downgraded shares of Admiral Group to a “hold” rating and set a GBX 4,200 price objective on the stock. in a report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 3,813.60.

Admiral Group Price Performance

The firm’s fifty day simple moving average is GBX 3,785.04 and its 200-day simple moving average is GBX 3,456.66. The company has a quick ratio of 0.42, a current ratio of 4.99 and a debt-to-equity ratio of 139.06. The firm has a market capitalization of £11.32 billion, a PE ratio of 17.34, a PEG ratio of 1.69 and a beta of 0.19.

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.