Esure Group (LON:ESUR) had its price target decreased by equities researchers at Royal Bank of Canada from GBX 310 ($4.28) to GBX 275 ($3.80) in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 20.83% from the company’s previous close.
Several other equities research analysts have also commented on ESUR. Numis Securities reissued a “buy” rating and issued a GBX 320 ($4.42) price target on shares of Esure Group in a report on Wednesday. Peel Hunt reissued an “add” rating and issued a GBX 295 ($4.08) price target on shares of Esure Group in a report on Monday, March 5th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 270 ($3.73) price target on shares of Esure Group in a report on Thursday. Deutsche Bank reissued a “hold” rating on shares of Esure Group in a report on Friday, March 2nd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Esure Group in a report on Monday, February 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Esure Group currently has a consensus rating of “Hold” and a consensus price target of GBX 280.23 ($3.87).
Shares of Esure Group (ESUR) opened at GBX 227.60 ($3.14) on Friday. The company has a market cap of $951.71 and a price-to-earnings ratio of 1,197.89. Esure Group has a 1-year low of GBX 219.60 ($3.03) and a 1-year high of GBX 308.80 ($4.27).
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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