Esure Group (LON:ESUR) was upgraded by stock analysts at Peel Hunt to an “add” rating in a research report issued on Thursday. The brokerage presently has a GBX 295 ($3.97) price objective on the stock, up from their previous price objective of GBX 285 ($3.84). Peel Hunt’s price target suggests a potential upside of 13.07% from the stock’s current price.
ESUR has been the subject of several other reports. Deutsche Bank reaffirmed a “buy” rating and set a GBX 315 ($4.24) price objective on shares of Esure Group in a research note on Friday, September 8th. reissued a “buy” rating on shares of Esure Group in a research note on Thursday, November 9th. HSBC increased their target price on Esure Group from GBX 320 ($4.31) to GBX 325 ($4.37) and gave the stock a “buy” rating in a research note on Thursday, November 23rd. Credit Suisse Group cut their target price on Esure Group from GBX 315 ($4.24) to GBX 290 ($3.90) and set a “neutral” rating for the company in a research note on Tuesday, November 14th. Finally, J P Morgan Chase & Co downgraded Esure Group to an “underweight” rating and cut their target price for the stock from GBX 300 ($4.04) to GBX 290 ($3.90) in a research note on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 276 ($3.71).
Shares of Esure Group (LON ESUR) opened at GBX 260.90 ($3.51) on Thursday. Esure Group has a one year low of GBX 190 ($2.56) and a one year high of GBX 308.80 ($4.16).
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About Esure Group
esure Group plc is a holding company, which provides motor and home insurance products and services through its esure and Sheilas’ Wheels brands. The Company’s segments include motor underwriting, home underwriting, non-underwritten additional services and investments. The Motor underwriting segment includes the revenues and expenses attributable to its motor insurance underwriting activities inclusive of additional insurance products underwritten by it.
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