Admiral Group (OTCMKTS:AMIGY) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Admiral Group plc (OTCMKTS:AMIGY) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $47.67 and traded as high as $52.84. Admiral Group shares last traded at $52.36, with a volume of 5,689 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on AMIGY shares. Citigroup reaffirmed a “buy” rating on shares of Admiral Group in a research note on Friday. Royal Bank Of Canada downgraded shares of Admiral Group from a “sector perform” rating to a “sector perform” rating in a research note on Friday, June 19th. Finally, The Goldman Sachs Group upgraded shares of Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Admiral Group Stock Up 0.0%

The company has a fifty day moving average price of $47.82 and a 200 day moving average price of $44.42.

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.