Admiral Group plc (OTCMKTS: AMIGY – Get a rating) benefited from a significant drop in short-term interest rates during the month of April. As of April 15, there was short interest totaling 400 shares, down 80.0% from the March 31 total of 2,000 shares. Based on an average daily trading volume of 2,500 shares, the days-to-cover ratio is currently 0.2 days.
Several brokers have weighed in on AMIGY. Morgan Stanley lowered its price target on Admiral Group from 2,900 GBX ($36.96) to 2,600 GBX ($33.14) in a Tuesday, April 5 research report. HSBC upgraded Admiral Group from a “hold” rating to a “buy” rating in a Wednesday, February 9 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Admiral Group from 2,950 GBX ($37.60) to 2,630 GBX ($33.52) in a Wednesday, March 16 research report. Finally, Barclays upgraded Admiral Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday March 29. Four research analysts rated the stock with a sell rating, three gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,758.37.
Admiral Group Actions opened at $32.32 on Thursday. Admiral Group has a 12-month low of $31.17 and a 12-month high of $51.84. The stock’s 50-day moving average is $34.73 and its 200-day moving average is $38.85.
About the Admiral Group (Get a rating)
Admiral Group plc offers motor insurance products in the UK, Spain, Italy, France, India and the USA. The Company operates through UK Insurance, International Insurance, Admiral Loans and Other segments. It underwrites auto, van, home and travel insurance, as well as unsecured personal and auto loans, as well as legal services.
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