Admiral Group (OTCMKTS:AMIGY) Shares Up 0.5% – Here’s Why

Admiral Group plc (OTCMKTS:AMIGY)’s share price rose 0.5% during trading on Monday . The stock traded as high as $47.47 and last traded at $47.47. Approximately 29,881 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 81,661 shares. The stock had previously closed at $47.25.

Wall Street Analyst Weigh In

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

Admiral Group Trading Up 0.5%

The firm has a 50-day simple moving average of $42.98 and a 200-day simple moving average of $42.26.

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.