Esure Group PLC (ESUR) Receives “Underweight” Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reissued their underweight rating on shares of Esure Group PLC (LON:ESUR) in a research report report published on Thursday. J P Morgan Chase & Co currently has a GBX 290 ($3.81) target price on the stock.

A number of other research firms have also recently issued reports on ESUR. Credit Suisse Group cut Esure Group PLC to a neutral rating and lifted their target price for the company from GBX 275 ($3.62) to GBX 315 ($4.14) in a research report on Wednesday, July 12th. Numis Securities Ltd lifted their target price on Esure Group PLC from GBX 315 ($4.14) to GBX 320 ($4.21) and gave the company an add rating in a research report on Monday, August 7th. Shore Capital reiterated a sell rating on shares of Esure Group PLC in a research report on Monday, September 18th. Berenberg Bank lifted their target price on Esure Group PLC from GBX 193 ($2.54) to GBX 247 ($3.25) and gave the company a sell rating in a research report on Monday, August 7th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 285 ($3.75) target price on shares of Esure Group PLC in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 273.17 ($3.59).

Esure Group PLC (ESUR) traded down GBX 8.40 ($0.11) during trading on Thursday, reaching GBX 253 ($3.33). 1,317,659 shares of the company traded hands, compared to its average volume of 440,347. Esure Group PLC has a 12-month low of GBX 190 ($2.50) and a 12-month high of GBX 308.80 ($4.06).

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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.

Analyst Recommendations for Esure Group PLC (LON:ESUR)

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