Admiral Group (LON:ADM) Hits New 52-Week High on Analyst Upgrade

Admiral Group plc (LON:ADM)’s share price reached a new 52-week high during mid-day trading on Tuesday after Citigroup upgraded the stock to a buy rating. Citigroup now has a GBX 4,243 price target on the stock, up from their previous price target of GBX 3,277. Admiral Group traded as high as GBX 3,784 and last traded at GBX 3,743.27, with a volume of 947242 shares. The stock had previously closed at GBX 3,590.

Separately, Royal Bank Of Canada downgraded shares of Admiral Group to a “sector perform” rating and decreased their price objective for the stock from GBX 3,560 to GBX 3,450 in a research note on Friday, June 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 3,356.43.

Insider Buying and Selling at Admiral Group

In related news, insider Geraint Jones bought 249 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of GBX 3,308 per share, with a total value of £8,236.92. Company insiders own 13.71% of the company’s stock.

Admiral Group Stock Up 4.3%

The company’s 50 day moving average price is GBX 3,471.50 and its two-hundred day moving average price is GBX 3,220.53. The company has a quick ratio of 0.42, a current ratio of 6.56 and a debt-to-equity ratio of 131.19. The stock has a market cap of £11.19 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.69 and a beta of 0.19.

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.