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

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised 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 note on Tuesday, July 28th. Royal Bank Of Canada cut Admiral Group to a “sector perform” rating and reduced their target price for the company from GBX 3,560 to GBX 3,450 in a report on Friday, June 19th. 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 company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 3,407.50.

Admiral Group Price Performance

The stock’s fifty day moving average price is GBX 3,503.66 and its 200-day moving average price is GBX 3,246.30. The firm has a market cap of £11.16 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a debt-to-equity ratio of 131.19, a current ratio of 6.56 and a quick ratio of 0.42.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Geraint Jones acquired 249 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average price of GBX 3,308 per share, for a total transaction of £8,236.92. Corporate insiders own 13.71% of the company’s stock.

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. 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.