Admiral Group (OTCMKTS:AMIGY) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Admiral Group plc (OTCMKTS:AMIGY) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $47.67 and traded as high as $52.84. Admiral Group shares last traded at $52.36, with a volume of 5,689 shares.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank Of Canada downgraded Admiral Group from a “sector perform” rating to a “sector perform” rating in a research note on Friday, June 19th. The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Finally, Citigroup upgraded Admiral Group to a “buy” rating in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Admiral Group Trading Up 4.5%

The business’s 50 day moving average price is $47.67 and its 200-day moving average price is $44.36.

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.