Canaccord Genuity Raises Esure Group PLC (ESUR) Price Target to GBX 300
Esure Group PLC (LON:ESUR) had its price objective increased by Canaccord Genuity from GBX 260 ($3.39) to GBX 300 ($3.92) in a research report released on Wednesday morning. They currently have a hold rating on the stock.
A number of other brokerages have also commented on ESUR. HSBC cut their target price on Esure Group PLC from GBX 307 ($4.01) to GBX 300 ($3.92) and set a buy rating for the company in a research note on Wednesday, June 29th. Berenberg Bank restated a sell rating and issued a GBX 238 ($3.11) target price on shares of Esure Group PLC in a research note on Thursday, July 7th. Macquarie restated a neutral rating and issued a GBX 273 ($3.56) target price on shares of Esure Group PLC in a research note on Tuesday, May 17th. Beaufort Securities restated a hold rating on shares of Esure Group PLC in a research note on Wednesday, September 14th. Finally, Shore Capital restated a sell rating on shares of Esure Group PLC in a research note on Tuesday, June 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 290.23 ($3.79).
Shares of Esure Group PLC (LON:ESUR) opened at 297.60 on Wednesday. The company’s market capitalization is GBX 1.24 billion. Esure Group PLC has a 52 week low of GBX 220.60 and a 52 week high of GBX 300.00. The company’s 50 day moving average is GBX 274.14 and its 200-day moving average is GBX 270.86.
The firm also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 8th will be issued a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 8th.
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, Price comparison 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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