RBC Capital Markets
June 19, 2026
UK and European Research at a Glance
Weekly UpdateEquitiesCommoditiesEnergyFinancials
This weekly research brief covers rating revisions for Admiral Group and Sunbelt Rentals, updates on EV market forecasts, and analysis of Trans Mountain crude oil tanker activity.
Key Takeaways
- 1.RBC cuts 2030 US and China BEV forecasts but raises European BEV forecast by 24%.
- 2.Trans Mountain (TMPL) volumes peaked in May; Asian demand remains the primary driver.
- 3.Admiral Group downgraded to Sector Perform citing caution ahead of H1 results.
Table of Contents
- Premium Research
- Rating Revisions
- Industry Comments
- Global Commodity Strategy and MENA
- Disclaimer
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Authors
Tom NarayanGreg PardyBen Cohen
Securities
ADMSUNB
Themes
EV Demand SlowdownEnergy Infrastructure CapacityCentral Bank Gold Holdings
Regions
EuropeNorth AmericaAsia PacificUnited StatesChinaCanada