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

Admiral Group plc (LON:ADM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on ADM shares. The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating and dropped their target price for the company from GBX 3,954 to GBX 2,902 in a report on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,560 target price on shares of Admiral Group in a report on Wednesday, March 18th. Finally, UBS Group upgraded shares of 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 2,803.14.

Admiral Group Trading Down 0.7%

The company has a market capitalization of £9.43 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.69 and a beta of 0.18. The company’s 50 day simple moving average is GBX 3,218.63 and its 200-day simple moving average is GBX 3,115.36.

Admiral Group (LON:ADM) last released its quarterly 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%. Sell-side analysts anticipate 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.