Deutsche Bank Raises Esure Group (LON:ESUR) Price Target to GBX 315
Esure Group (LON:ESUR) had its price target upped by stock analysts at Deutsche Bank from GBX 310 ($4.35) to GBX 315 ($4.42) in a report issued on Thursday, January 4th. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 29.57% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Peel Hunt upgraded shares of Esure Group to an “add” rating and lifted their price objective for the company from GBX 285 ($4.00) to GBX 295 ($4.14) in a report on Thursday, December 7th. Shore Capital restated a “sell” rating on shares of Esure Group in a report on Monday, September 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Esure Group in a report on Thursday, November 16th. restated a “buy” rating on shares of Esure Group in a report on Thursday, November 9th. Finally, Credit Suisse Group dropped their price objective on shares of Esure Group from GBX 315 ($4.42) to GBX 290 ($4.07) and set a “neutral” rating for the company in a report on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 278.08 ($3.91).
Shares of Esure Group (LON ESUR) traded up GBX 1.12 ($0.02) during mid-day trading on Thursday, hitting GBX 243.12 ($3.41). 869,619 shares of the company were exchanged, compared to its average volume of 664,346. The firm has a market capitalization of $1,020.00 and a PE ratio of 1,620.80. Esure Group has a 52-week low of GBX 197.10 ($2.77) and a 52-week high of GBX 308.80 ($4.34).
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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