Admiral Group (LON:ADM) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Admiral Group plc (LON:ADM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,207.32 and traded as high as GBX 3,596. Admiral Group shares last traded at GBX 3,538, with a volume of 387,255 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded Admiral Group to a “sector perform” rating and cut their price target for the stock from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Admiral Group presently has a consensus rating of “Hold” and an average target price of GBX 2,787.43.

Admiral Group Stock Up 0.4%

The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42. The firm has a 50-day simple moving average of GBX 3,455.57 and a two-hundred day simple moving average of GBX 3,209.88. The company has a market cap of £10.64 billion, a PE ratio of 14.73, a P/E/G ratio of 1.69 and a beta of 0.19.

Insider Activity at Admiral Group

In related news, insider Geraint Jones acquired 249 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of GBX 3,308 per share, for a total transaction 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.