Admiral Group plc (OTCMKTS:AMIGY – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 18,161 shares, a growth of 110.2% from the September 15th total of 8,639 shares. Based on an average daily trading volume, of 27,453 shares, the short-interest ratio is currently 0.7 days.
Admiral Group Stock Up 1.3%
Shares of OTCMKTS AMIGY opened at $50.09 on Wednesday. Admiral Group has a 1-year low of $36.05 and a 1-year high of $56.91. The business’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $48.24.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AMIGY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Admiral Group in a research report on Wednesday, August 12th. Citigroup reissued a “buy” rating on shares of Admiral Group in a report on Friday, August 7th. Morgan Stanley raised shares of Admiral Group from an “underweight” rating to an “overweight” rating in a report on Monday, September 7th. Finally, The Goldman Sachs Group upgraded Admiral Group from a “sell” rating to a “neutral” rating in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
About Admiral Group
Admiral Group plc is a United Kingdom-based financial services company specializing in insurance and price-comparison services. Its principal business is motor insurance, offered through brands including Admiral, Elephant, Diamond and Gladiator. The group serves individual motorists as well as customers seeking cover for vans and other vehicles.
The company also provides a range of related insurance products, including home, travel, pet, landlord and other personal lines coverage. Through Confused.com, its price-comparison business, Admiral enables consumers to compare insurance and financial products from multiple providers.
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