Admiral Group plc (OTCMKTS:AMIGY) Short Interest Update

Admiral Group plc (OTCMKTS:AMIGYGet Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 2,800 shares, a growth of 12.0% from the December 15th total of 2,500 shares. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMIGY. HSBC downgraded Admiral Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. JPMorgan Chase & Co. lowered their target price on Admiral Group from GBX 1,780 ($21.72) to GBX 1,700 ($20.74) in a research note on Thursday, December 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Admiral Group from GBX 2,630 ($32.09) to GBX 2,560 ($31.24) in a report on Thursday, January 12th. Finally, Barclays lifted their price objective on Admiral Group from GBX 2,736 ($33.39) to GBX 2,743 ($33.47) in a report on Tuesday, November 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2,375.33.

Admiral Group Stock Up 0.3 %

Shares of OTCMKTS:AMIGY opened at $26.37 on Monday. The business has a fifty day simple moving average of $25.38 and a 200-day simple moving average of $24.51. Admiral Group has a 52 week low of $20.70 and a 52 week high of $43.75.

Admiral Group Company Profile

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Admiral Group Plc is a holding company, which engages in the business of sale and underwriting of private car insurance. It operates through the following segments: UK Insurance, International Car Insurance, Price Comparison, and Other. The UK Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy.

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