Esure Group PLC Downgraded by Canaccord Genuity to “Hold” (ESUR)
Esure Group PLC (LON:ESUR) was downgraded by Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued on Friday, AnalystRatings.Net reports. They currently have a GBX 250 ($4.03) price objective on the stock, down from their previous price objective of GBX 270 ($4.36). Canaccord Genuity’s price target would suggest a potential upside of 4.52% from the stock’s previous close.
Shares of Esure Group PLC (LON:ESUR) traded down 1.13% on Friday, hitting GBX 236.50. The stock had a trading volume of 287,300 shares. Esure Group PLC has a 52 week low of GBX 225.10 and a 52 week high of GBX 338.00. The stock’s 50-day moving average is GBX 245.1 and its 200-day moving average is GBX 291.4.
A number of other firms have also recently commented on ESUR. Analysts at Berenberg Bank cut their price target on shares of Esure Group PLC (LON:ESUR) from GBX 313 ($5.05) to GBX 289 ($4.66) in a research note to investors on Friday, September 27th. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Esure Group PLC (LON:ESUR) in a research note to investors on Wednesday, August 7th. They now have a GBX 340 ($5.49) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Esure Group PLC (LON:ESUR) from GBX 340 ($5.49) to GBX 300 ($4.84) in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 283.86 ($4.58).
esure Group plc is is engaged in motor insurance business and home insurance business. Its principal underwriting business is the sale of motor insurance policies.
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