Shore Capital Reiterates “Sell” Rating for Esure Group PLC (ESUR)

Esure Group PLC (LON:ESUR)‘s stock had its “sell” rating reissued by analysts at Shore Capital in a research note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the company. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 220 ($2.69) price target on shares of Esure Group PLC in a report on Thursday, November 10th. HSBC Holdings plc reaffirmed a “buy” rating on shares of Esure Group PLC in a report on Friday, November 18th. Citigroup Inc reaffirmed a “buy” rating and issued a GBX 225 ($2.75) price target on shares of Esure Group PLC in a report on Wednesday, November 30th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 190 ($2.32) price target on shares of Esure Group PLC in a report on Friday, January 13th. Finally, Deutsche Bank AG cut their price target on Esure Group PLC from GBX 210 ($2.57) to GBX 203 ($2.48) and set a “hold” rating for the company in a report on Monday, January 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 224.21 ($2.74).

Analyst Recommendations for Esure Group PLC (LON:ESUR)

Esure Group PLC (LON:ESUR) opened at 241.60 on Friday. The firm’s market cap is GBX 1.01 billion. Esure Group PLC has a 12 month low of GBX 183.10 and a 12 month high of GBX 311.00. The firm’s 50-day moving average price is GBX 210.29 and its 200-day moving average price is GBX 233.17.

The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, April 13th will be issued a GBX 10.50 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, April 13th. This is a boost from Esure Group PLC’s previous dividend of $3.00. This represents a dividend yield of 4.38%.

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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 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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