Jefferies International tips Admiral for UK motor domination
Equity analysts at Jefferies International have reiterated their “cautious hold” recommendation for shares in FTSE 100 insurer Admiral, while stating the insurer could have a dominant position in the UK personal lines motor market by 2015.
The analysts predicted Admiral's share of the UK motor market could rise to 14% by 2015, an increase of 4% from its current position.
The projected growth would take the insurer beyond Direct Line
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