Citi issues ‘positive short-term view’ on Admiral.
Citi said on Tuesday that it had issued a "positive short-term view" on Admiral ahead of its first-half results on 15 August.
Admiral Group
13 August 2024 09:55:12
Source: Sharecast
The bank said it currently sits around 8% ahead of consensus on motor pre-tax profit and around 9% on group pre-tax profit as it believes consensus looks conservative.
"We update the UK motor market ahead of 1H results where we see an improving motor claims picture being led by lower damage inflation and lighter claims frequency as we see current claims inflation guidance from companies as conservative as repair volumes are circa 8% below pre-Covid levels," it said.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
