Admiral Group (LON:ADM) Stock Passes Above 200 Day Moving Average – Should You Sell?

Admiral Group plc (LON:ADM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,151.37 and traded as high as GBX 3,528. Admiral Group shares last traded at GBX 3,524, with a volume of 119,048,539 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ADM shares. Royal Bank Of Canada lowered Admiral Group to a “sector perform” rating and lowered their price target for the stock from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. UBS Group raised shares of Admiral Group to a “buy” rating and increased their price objective for the company from GBX 3,300 to GBX 3,500 in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Admiral Group has an average rating of “Hold” and a consensus target price of GBX 2,787.43.

Admiral Group Stock Performance

The company has a market capitalization of £10.53 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The company has a current ratio of 6.56, a quick ratio of 0.42 and a debt-to-equity ratio of 131.19. The business’s fifty day moving average is GBX 3,359.18 and its two-hundred day moving average is GBX 3,151.37.

Insider Activity at Admiral Group

In other Admiral Group news, insider Geraint Jones purchased 249 shares of the firm’s stock in a transaction dated 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. Insiders own 13.71% of the company’s stock.

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.