UBS Group Upgrades Admiral Group (OTCMKTS:AMIGY) to “Buy”

Admiral Group (OTCMKTS:AMIGY) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday.

AMIGY has been the subject of several other reports. Royal Bank Of Canada cut shares of Admiral Group from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Admiral Group in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Admiral Group Stock Up 2.3%

OTCMKTS:AMIGY opened at $42.85 on Tuesday. Admiral Group has a 1 year low of $35.93 and a 1 year high of $52.08. The stock’s 50 day simple moving average is $39.81 and its two-hundred day simple moving average is $42.78.

Admiral Group Company Profile

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.