Admiral Group (LON:ADM) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Admiral Group plc (LON:ADM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,113.72 and traded as high as GBX 3,318. Admiral Group shares last traded at GBX 3,286, with a volume of 1,261,479 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on ADM. The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating and lowered their price objective for the company from GBX 3,954 to GBX 2,902 in a research report on Wednesday, January 21st. UBS Group raised Admiral Group to a “buy” rating and raised their target price for the company from GBX 3,300 to GBX 3,500 in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 3,560 price target on shares of Admiral Group in a research note on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Admiral Group presently has a consensus rating of “Hold” and a consensus target price of GBX 2,803.14.

Admiral Group Price Performance

The business’s 50-day simple moving average is GBX 3,254.27 and its two-hundred day simple moving average is GBX 3,113.72. The stock has a market cap of £9.82 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18.

Admiral Group (LON:ADM) last announced its quarterly earnings results on Thursday, March 5th. The company reported GBX 247.40 EPS for the quarter. Admiral Group had a return on equity of 51.59% and a net margin of 13.47%. Equities research analysts forecast that Admiral Group plc will post 161.0199297 earnings per share for the current year.

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.