Esure Group PLC Rating Increased to Buy at Berenberg Bank (ESUR)
Esure Group PLC (LON:ESUR) was upgraded by research analysts at Berenberg Bank to a “buy” rating in a report released on Friday. The firm currently has a GBX 286 ($4.80) target price on the stock, up from their previous target price of GBX 267 ($4.48). Berenberg Bank’s target price suggests a potential upside of 9.92% from the company’s current price.
ESUR has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Esure Group PLC from GBX 295 ($4.95) to GBX 280 ($4.70) in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Esure Group PLC in a research note on Tuesday, August 5th. They now have a GBX 1,290 ($21.64) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Esure Group PLC in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Esure Group PLC has an average rating of “Buy” and an average target price of GBX 407.78 ($6.84).
Shares of Esure Group PLC (LON:ESUR) traded down 0.77% on Friday, hitting GBX 258.20. The stock had a trading volume of 97,024 shares. Esure Group PLC has a 52-week low of GBX 212.30 and a 52-week high of GBX 292.50. The stock’s 50-day moving average is GBX 263.5 and its 200-day moving average is GBX 264.5. The company’s market cap is £1.072 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of GBX 5.10 ($0.09) per share. This represents a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, September 3rd.
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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