BTIG Sticks to Their Buy Rating for Ambac Financial (AMBC)

By Carrie Williams

BTIG analyst Giuliano Bologna maintained a Buy rating on Ambac Financial (AMBCResearch Report) on August 9 and set a price target of $26. The company’s shares closed on Friday at $18.48.

According to TipRanks.com, Bologna is a 1-star analyst with an average return of -4.8% and a 57.1% success rate. Bologna covers the Financial sector, focusing on stocks such as Credit Acceptance Corp, Santander Consumer USA, and Assured Guaranty Ltd.

Ambac Financial has an analyst consensus of Moderate Buy, with a price target consensus of $20.50.

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The company has a one-year high of $22.42 and a one-year low of $14.44. Currently, Ambac Financial has an average volume of 316.8K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMBC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ambac Financial Group, Inc. is a financial services holding company, which provides financial guarantee to public and private sectors. It operates through the Financial Guarantee and Financial Services business segments. The Financial Guarantee segment provides financial guarantees for public finance, structured finance, and international obligations.