Credit Agricole Sa Lowers Esure Group PLC (LON:ESUR) to Neutral
Esure Group PLC (LON:ESUR) was downgraded by equities research analysts at Credit Agricole Sa to a “neutral” rating in a research report issued on Wednesday. They presently have a GBX 315 ($4.08) price objective on the stock, up from their prior price objective of GBX 275 ($3.56). Credit Agricole Sa ‘s price objective suggests a potential upside of 6.42% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 250 ($3.24) price objective on shares of Esure Group PLC in a research report on Friday, March 24th. Barclays PLC cut shares of Esure Group PLC to an “equal weight” rating and set a GBX 234 ($3.03) price objective for the company. in a research report on Tuesday, April 18th. Macquarie reaffirmed a “neutral” rating and set a GBX 234 ($3.03) price objective on shares of Esure Group PLC in a research report on Monday, June 19th. Citigroup Inc. cut shares of Esure Group PLC to a “neutral” rating and set a GBX 235 ($3.04) price objective for the company. in a research report on Tuesday, March 21st. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 260 ($3.37) price objective on shares of Esure Group PLC in a research report on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 254.47 ($3.30).
Esure Group PLC (LON ESUR) opened at 292.70 on Wednesday. Esure Group PLC has a one year low of GBX 183.10 and a one year high of GBX 311.00. The company’s 50-day moving average is GBX 279.74 and its 200 day moving average is GBX 235.11. The company’s market capitalization is GBX 1.22 billion.
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Esure Group PLC Company Profile
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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