Admiral Group (LON:ADM) Hits New 1-Year High – Here’s What Happened

Admiral Group plc (LON:ADMGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,825.36 and last traded at GBX 3,752, with a volume of 3032491 shares. The stock had previously closed at GBX 3,802.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of Admiral Group to a “sector perform” rating and reduced their price objective for the company from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. Citigroup raised Admiral Group to a “buy” rating and raised their price target for the company from GBX 3,277 to GBX 4,243 in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Admiral Group currently has a consensus rating of “Hold” and an average target price of GBX 3,407.50.

View Our Latest Stock Report on ADM

Admiral Group Price Performance

The company has a 50 day moving average price of GBX 3,517.79 and a 200 day moving average price of GBX 3,256.49. The firm has a market cap of £11.75 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a current ratio of 6.56, a quick ratio of 0.42 and a debt-to-equity ratio of 131.19.

Insider Transactions at Admiral Group

In other news, insider Geraint Jones acquired 249 shares of Admiral Group stock in a transaction that occurred on 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. Corporate insiders own 13.71% of the company’s stock.

Admiral Group Company Profile

(Get Free Report)

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.

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