Admiral Group (LON:ADM) Reaches New 1-Year High – Here’s Why

Admiral Group plc (LON:ADM) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 3,692 and last traded at GBX 3,691.67, with a volume of 618522 shares changing hands. The stock had previously closed at GBX 3,666.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADM. Royal Bank Of Canada downgraded Admiral Group to a “sector perform” rating and lowered their price objective for the stock from GBX 3,560 to GBX 3,450 in a research report on Friday, June 19th. UBS Group upgraded Admiral Group to a “buy” rating and upped their target price for the stock from GBX 3,300 to GBX 3,500 in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 2,787.43.

Admiral Group Stock Up 1.0%

The stock’s fifty day moving average price is GBX 3,379.51 and its 200 day moving average price is GBX 3,169.90. The stock has a market cap of £11.06 billion, a P/E ratio of 15.31, 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 related news, insider Geraint Jones bought 249 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of GBX 3,308 per share, for a total transaction of £8,236.92. Company 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.