UK's Admiral Group shares rise on Morgan Stanley upgrade

Admiral

11/08/2025 10:03

** Shares of UK-based insurer Admiral Group  ADML.L rise nearly 1% to 3,370p

** Morgan Stanley upgrades stock to "equal-weight" from "underweight"

** Cites limited risks in the UK car insurance market and potential regulatory action by the Financial Conduct Authority on high-cost monthly payments

     ** Raises PT to 3,300p from 2,612p, representing a 1.5% downside to stock's last close on Friday

** "We remain cautious on the UK motor market in general, given its fragmentation and unique competitive pressures vs other motor markets" - brokerage

** Average rating on stock is "buy"; median PT is 3,573p - data compiled by LSEG

** Up to Friday's close, shares up nearly 29% YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))