Admiral Group plc (OTCMKTS:AMIGY) Given Average Recommendation of “Moderate Buy” by Brokerages

Admiral Group plc (OTCMKTS:AMIGY) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several brokerages have recently commented on AMIGY. Royal Bank Of Canada restated a “sector perform” rating on shares of Admiral Group in a research report on Wednesday, August 12th. Morgan Stanley upgraded Admiral Group from an “underweight” rating to an “overweight” rating in a research note on Monday, September 7th. The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Finally, Citigroup restated a “buy” rating on shares of Admiral Group in a research report on Friday, August 7th.

Admiral Group Stock Performance

Admiral Group stock opened at $52.01 on Wednesday. The stock’s fifty day moving average price is $51.60 and its two-hundred day moving average price is $47.49. Admiral Group has a one year low of $36.05 and a one year high of $56.91.

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.