Esure Group (ESUR) Stock Rating Upgraded by Peel Hunt
Esure Group (LON:ESUR) was upgraded by Peel Hunt to an “add” rating in a report issued on Thursday. The brokerage currently has a GBX 295 ($3.97) price objective on the stock, up from their previous price objective of GBX 285 ($3.84). Peel Hunt’s price objective indicates a potential upside of 14.50% from the company’s previous close.
ESUR has been the topic of several other reports. Deutsche Bank reissued a “buy” rating and issued a GBX 315 ($4.24) price objective on shares of Esure Group in a research report on Friday, September 8th. HSBC increased their price objective on shares of Esure Group from GBX 320 ($4.31) to GBX 325 ($4.37) and gave the company a “buy” rating in a research report on Thursday, November 23rd. J P Morgan Chase & Co lowered shares of Esure Group to an “underweight” rating and lowered their price target for the stock from GBX 300 ($4.04) to GBX 290 ($3.90) in a research report on Tuesday, October 24th. Shore Capital reaffirmed a “sell” rating on shares of Esure Group in a research report on Wednesday, November 8th. Finally, Credit Suisse Group lowered their price target on shares of Esure Group from GBX 315 ($4.24) to GBX 290 ($3.90) and set a “neutral” rating on the stock in a research report on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 276 ($3.71).
Esure Group (LON:ESUR) opened at GBX 257.64 ($3.47) on Thursday. 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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