Admiral Group (OTCMKTS:AMIGY) Trading 1.9% Higher – What’s Next?

Admiral Group plc (OTCMKTS:AMIGY) shares traded up 1.9% on Wednesday . The stock traded as high as $39.72 and last traded at $39.30. 33,745 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 35,158 shares. The stock had previously closed at $38.56.

Analyst Ratings Changes

Several analysts have recently commented on AMIGY shares. Royal Bank Of Canada lowered Admiral Group from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 22nd. 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 research note on Wednesday, January 21st. Finally, UBS Group lowered Admiral Group to a “neutral” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Admiral Group Stock Performance

The company has a 50 day simple moving average of $40.25 and a two-hundred day simple moving average of $43.26.

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.