UK's Admiral falls after Peel Hunt cuts price target
14/10/2026 08:58
BUZZ-UK's Admiral falls after Peel Hunt cuts price target ** Shares of British insurer Admiral Group ADML.L down 2.4% at 3,658 p
** Stock is top loser in FTSE 100 .FTSE
** Peel Hunt cuts ADML's target price to 2,460p from 2,620p
** "We believe Admiral's policy volume gains will erode as the company increases UK Motor rates ahead of a competitive market, in order to protect underwriting margins," says Peel Hunt
** Eight of 14 analysts covering the stock have a "buy" or higher rating, 4 has "hold" while 2 rate it at "sell" or lower; median PT is 4,200p - LSEG-compiled data
** YTD, Admiral stock has risen ~16%
(Reporting by Tuhina in Bengaluru)