Deutsche Bank AG Reiterates Buy Rating for Esure Group PLC (ESUR)
Esure Group PLC (LON:ESUR)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They currently have a GBX 315 ($4.07) price target on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 21.53% from the stock’s current price.
Several other analysts have also commented on ESUR. Macquarie restated a “neutral” rating and set a GBX 234 ($3.02) price target on shares of Esure Group PLC in a research report on Monday, June 19th. Peel Hunt restated a “hold” rating and set a GBX 200 ($2.58) price target on shares of Esure Group PLC in a research report on Monday, July 10th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 260 ($3.36) price target on shares of Esure Group PLC in a research report on Thursday, July 20th. Credit Agricole Sa lowered shares of Esure Group PLC to a “neutral” rating and raised their price target for the company from GBX 275 ($3.55) to GBX 315 ($4.07) in a research report on Wednesday, July 12th. Finally, Credit Suisse Group lowered shares of Esure Group PLC to a “neutral” rating and raised their price target for the company from GBX 275 ($3.55) to GBX 315 ($4.07) in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Esure Group PLC has a consensus rating of “Hold” and a consensus target price of GBX 268.20 ($3.46).
Shares of Esure Group PLC (LON ESUR) traded down 1.82% during midday trading on Friday, hitting GBX 259.20. 580,338 shares of the stock were exchanged. The firm’s 50-day moving average is GBX 284.28 and its 200-day moving average is GBX 265.54. The stock’s market cap is GBX 1.08 billion. Esure Group PLC has a 12 month low of GBX 183.10 and a 12 month high of GBX 311.00.
Esure Group PLC (LON:ESUR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. Esure Group PLC had a net margin of 10.02% and a return on equity of 27.00%.
About Esure Group PLC
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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