Admiral Group (OTCMKTS:AMIGY) Stock Price Down 0.8% – Time to Sell?

Admiral Group plc (OTCMKTS:AMIGY)’s share price was down 0.8% during mid-day trading on Wednesday. The stock traded as low as $48.39 and last traded at $48.73. Approximately 40,881 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 46,886 shares. The stock had previously closed at $49.10.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Admiral Group from a “sell” rating to a “neutral” rating in a report on Thursday, July 9th. Morgan Stanley raised shares of Admiral Group from an “underweight” rating to an “overweight” rating in a research note on Monday, September 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Admiral Group in a report on Wednesday, August 12th. Finally, Citigroup reaffirmed a “buy” rating on shares of Admiral Group in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Admiral Group Price Performance

The company has a 50 day simple moving average of $51.68 and a 200 day simple moving average of $48.10.

About Admiral Group

Admiral Group plc is a United Kingdom-based financial services company specializing in insurance. Founded in 1993 and headquartered in Cardiff, Wales, the group is best known for providing motor insurance to personal and commercial customers through brands including Admiral, Elephant, Diamond, and Gladiator. Its offerings include car, van, multi-car, and telematics-based insurance products.

The company has expanded beyond motor coverage into home, travel, and pet insurance, as well as vehicle financing and related services.