Admiral Group (OTCMKTS:AMIGY) Stock Price Up 0.2% – Time to Buy?

Admiral Group plc (OTCMKTS:AMIGY) shares traded up 0.2% during mid-day trading on Monday . The company traded as high as $43.44 and last traded at $43.25. 27,821 shares traded hands during trading, a decline of 70% from the average session volume of 92,847 shares. The stock had previously closed at $43.17.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Admiral Group to a “sell” rating in a research report on Wednesday, January 21st. UBS Group raised shares of Admiral Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada raised shares of Admiral Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Admiral Group in a research report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Admiral Group Stock Performance

The company has a 50-day moving average of $40.65 and a 200-day moving average of $42.15.

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.