Esure Group PLC Price Target Lowered to GBX 281 at Berenberg Bank (ESUR)
Equities researchers at Berenberg Bank cut their target price on shares of Esure Group PLC (LON:ESUR) from GBX 286 ($4.75) to GBX 281 ($4.66) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 4.50% 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 ($4.90) to GBX 280 ($4.65) 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 ($21.41) 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 407.22 ($6.76).
Shares of Esure Group PLC (LON:ESUR) traded down 3.16% on Wednesday, hitting GBX 260.40. 66,744 shares of the company’s stock traded hands. Esure Group PLC has a one year low of GBX 212.30 and a one year high of GBX 292.50. The stock’s 50-day moving average is GBX 261.5 and its 200-day moving average is GBX 263.9. The company’s market cap is £1.081 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 17th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of GBX 5.10 ($0.08) per share. This represents a dividend yield of 1.96%. The ex-dividend date 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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