Esure Group (LON:ESUR) had its price target upped by equities researchers at Deutsche Bank from GBX 310 ($4.20) to GBX 315 ($4.27) in a note issued to investors on Thursday, January 4th. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 24.60% from the stock’s current price.
A number of other brokerages have also recently weighed in on ESUR. JPMorgan Chase & Co. cut shares of Esure Group to an “underweight” rating and dropped their price target for the company from GBX 300 ($4.07) to GBX 290 ($3.93) in a research report on Tuesday, October 24th. Peel Hunt reissued a “hold” rating and issued a GBX 285 ($3.86) price objective on shares of Esure Group in a research note on Thursday, September 7th. Shore Capital reissued a “sell” rating on shares of Esure Group in a research note on Wednesday, November 8th. reissued a “buy” rating on shares of Esure Group in a research note on Thursday, November 9th. Finally, Barclays lowered their price objective on shares of Esure Group from GBX 255 ($3.46) to GBX 249 ($3.38) and set an “equal weight” rating for the company in a research note on Monday, December 11th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 278.08 ($3.77).
Esure Group (LON:ESUR) traded down GBX 0.20 ($0.00) during trading hours on Thursday, hitting GBX 252.80 ($3.43). 1,223,213 shares of the stock traded hands, compared to its average volume of 639,108. Esure Group has a 12-month low of GBX 192.40 ($2.61) and a 12-month high of GBX 308.80 ($4.19). The stock has a market capitalization of $1,070.00 and a P/E ratio of 1,685.33.
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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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