Admiral Group (OTCMKTS:AMIGY) Stock Price Up 0.5% – Still a Buy?

Admiral Group plc (OTCMKTS:AMIGY)’s stock price rose 0.5% during trading on Friday . The company traded as high as $45.2799 and last traded at $44.6450. Approximately 38,775 shares traded hands during trading, a decline of 43% from the average daily volume of 67,630 shares. The stock had previously closed at $44.44.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group upgraded Admiral Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada raised Admiral Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Admiral Group Price Performance

The company’s fifty day moving average is $45.13 and its 200-day moving average is $42.56.

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.