Esure Group (ESUR) Raised to “Add” at Peel Hunt
Esure Group (LON:ESUR) was upgraded by Peel Hunt to an “add” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a GBX 295 ($3.97) target price on the stock, up from their prior target price of GBX 285 ($3.84). Peel Hunt’s target price would suggest a potential upside of 13.07% from the company’s current price.
Several other brokerages have also recently commented on ESUR. J P Morgan Chase & Co reissued an “underweight” rating on shares of Esure Group in a research note on Thursday, November 16th. Shore Capital reissued a “sell” rating on shares of Esure Group in a research note on Monday, September 18th. Deutsche Bank lowered their price target on Esure Group from GBX 315 ($4.24) to GBX 300 ($4.04) and set a “buy” rating for the company in a research note on Monday, September 18th. Credit Suisse Group lowered their price target on Esure Group from GBX 315 ($4.24) to GBX 290 ($3.90) and set a “neutral” rating for the company in a research note on Tuesday, November 14th. Finally, HSBC boosted their price target on Esure Group from GBX 320 ($4.31) to GBX 325 ($4.37) and gave the company a “buy” rating in a research note on Thursday, November 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Esure Group has a consensus rating of “Hold” and an average target price of GBX 276 ($3.71).
Shares of Esure Group (LON:ESUR) traded down GBX 0.90 ($0.01) during midday trading on Thursday, hitting GBX 260.90 ($3.51). The company had a trading volume of 492,858 shares, compared to its average volume of 673,791. Esure Group has a 1-year low of GBX 190 ($2.56) and a 1-year high of GBX 308.80 ($4.16).
About Esure Group
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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