Esure Group (LON:ESUR) was upgraded by research analysts at Numis Securities to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a GBX 320 ($4.34) price objective on the stock. Numis Securities’ price target indicates a potential upside of 29.76% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Esure Group to an “underweight” rating and decreased their price target for the company from GBX 300 ($4.07) to GBX 290 ($3.93) in a report on Tuesday, October 24th. Peel Hunt raised shares of Esure Group to an “add” rating and lifted their price target for the company from GBX 285 ($3.86) to GBX 295 ($4.00) in a report on Thursday, December 7th. Shore Capital reaffirmed a “sell” rating on shares of Esure Group in a report on Wednesday, November 8th. HSBC lifted their price target on shares of Esure Group from GBX 320 ($4.34) to GBX 325 ($4.41) and gave the company a “buy” rating in a report on Thursday, November 23rd. Finally, Credit Suisse Group decreased their price target on shares of Esure Group from GBX 315 ($4.27) to GBX 290 ($3.93) and set a “neutral” rating on the stock in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 278.08 ($3.77).
Shares of Esure Group (ESUR) opened at GBX 246.60 ($3.34) on Friday. The stock has a market cap of $1,020.00 and a P/E ratio of 1,644.00. Esure Group has a 1-year low of GBX 197.10 ($2.67) and a 1-year high of GBX 308.80 ($4.19).
ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/19/esure-group-esur-lifted-to-buy-at-numis-securities.html.
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.
Receive News & Ratings for Esure Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esure Group and related companies with MarketBeat.com's FREE daily email newsletter.