Admiral Group (OTCMKTS:AMIGY) Trading 3.8% Higher – Should You Buy?

Shares of Admiral Group plc (OTCMKTS:AMIGY) shot up 3.8% during mid-day trading on Wednesday . The stock traded as high as $39.4054 and last traded at $39.08. 36,182 shares were traded during mid-day trading, an increase of 16% from the average session volume of 31,197 shares. The stock had previously closed at $37.66.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMIGY. UBS Group cut Admiral Group to a “neutral” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Admiral Group in a research note on Wednesday, January 7th. Royal Bank Of Canada downgraded shares of Admiral Group from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Admiral Group Stock Performance

The firm has a 50 day moving average price of $41.36 and a two-hundred day moving average price of $44.04.

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.