Admiral Group (LON:ADM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Admiral Group plc (LON:ADM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,115.36 and traded as high as GBX 3,272. Admiral Group shares last traded at GBX 3,166.85, with a volume of 1,261,677 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Admiral Group to a “buy” rating and upped their target price for the company from GBX 3,300 to GBX 3,500 in a research note on Tuesday, March 10th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,560 target price on shares of Admiral Group in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group lowered shares of Admiral Group to a “sell” rating and cut their target price for the company from GBX 3,954 to GBX 2,902 in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Admiral Group currently has an average rating of “Hold” and an average target price of GBX 2,803.14.

Admiral Group Price Performance

The stock’s fifty day simple moving average is GBX 3,218.63 and its 200-day simple moving average is GBX 3,115.36. The stock has a market cap of £9.48 billion, a P/E ratio of 13.12, a PEG ratio of 1.69 and a beta of 0.18.

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