Admiral Group (LON:ADM) Reaches New 52-Week High – Should You Buy?

Admiral Group plc (LON:ADM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 4,014 and last traded at GBX 4,014, with a volume of 1336926 shares changing hands. The stock had previously closed at GBX 4,000.

Analyst Ratings Changes

Several equities research analysts recently commented on ADM shares. Berenberg Bank lifted their price objective on Admiral Group from GBX 3,800 to GBX 4,200 and gave the stock a “buy” rating in a report on Friday, August 7th. Citigroup upped their target price on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada raised their price target on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,569.67.

Admiral Group Stock Down 1.0%

The company has a quick ratio of 0.42, a current ratio of 4.99 and a debt-to-equity ratio of 139.06. The company has a market cap of £12.22 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.19. The company has a fifty day moving average of GBX 3,686.35 and a 200 day moving average of GBX 3,371.97.

Insiders Place Their Bets

In other news, insider Geraint Jones bought 249 shares of the company’s stock in a transaction on Friday, June 5th. The shares were acquired 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

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.