Admiral shares topped the FTSE 100 risers on Monday, following a buy upgrade by Goldman Sachs on the insurer. The Admiral share price reached over £12 on the day, following the upgrade.
According to the Guardian, Goldman have high optimism for Admiral shares, noting:
“Softening premium rates and regulatory intervention have seen the shares underperform over the past three to six months. However, we see potential for claims inflation to decline faster than the market anticipates.”
