Esure Group (LON:ESUR) Price Target Raised to GBX 315

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.

Analyst Recommendations for Esure Group (LON:ESUR)

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