Admiral Group (OTCMKTS:AMIGY) Stock Price Up 0.2% – Still a Buy?

Admiral Group plc (OTCMKTS:AMIGY) rose 0.2% on Monday . The stock traded as high as $43.44 and last traded at $43.25. Approximately 27,821 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 92,847 shares. The stock had previously closed at $43.17.

Analyst Ratings Changes

AMIGY has been the topic of several recent research reports. UBS Group raised shares of Admiral Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada upgraded shares of Admiral Group from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 13th. The Goldman Sachs Group lowered shares of Admiral Group to a “sell” rating in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Admiral Group in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Admiral Group Price Performance

The company’s 50 day simple moving average is $40.78 and its 200 day simple moving average is $42.14.

About Admiral Group

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.