RBC Moves Admiral Group to Outperform, Lifts 12-Month Target After FY25 Beats
RBC Capital Markets upgraded Admiral Group to outperform and increased its 12-month price target to 3,560p after FY25 results beat expectations outside the UK Motor division. The bank raised its target P/E for FY2027, published a multi-stage discounted cash flow model extending to 2030, and revised earnings and PBT forecasts while flagging near-ter…