Peel Hunt upgraded shares of esure (LON:ESUR) to a buy rating in a research note issued to investors on Friday. The brokerage currently has GBX 300 ($4.30) price target on the stock, up from their previous price target of GBX 295 ($4.22).
Other analysts have also issued research reports about the company. Numis Securities raised esure to a buy rating and set a GBX 320 ($4.58) target price on the stock in a report on Friday, January 19th. Deutsche Bank reissued a hold rating on shares of esure in a report on Friday, March 2nd. Barclays upped their target price on esure from GBX 249 ($3.57) to GBX 254 ($3.64) and gave the company an equal weight rating in a report on Thursday, February 1st. Berenberg Bank lowered their target price on esure from GBX 247 ($3.54) to GBX 230 ($3.29) and set a sell rating on the stock in a report on Wednesday, February 14th. Finally, Investec raised esure to a hold rating and lowered their target price for the company from GBX 240 ($3.44) to GBX 225 ($3.22) in a report on Monday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. esure has a consensus rating of Hold and an average target price of GBX 279.85 ($4.01).
esure stock opened at GBX 225.40 ($3.23) on Friday. esure has a fifty-two week low of GBX 219.60 ($3.14) and a fifty-two week high of GBX 308.80 ($4.42).
The business also recently disclosed a dividend, which will be paid on Friday, May 25th. Investors of record on Thursday, April 12th will be paid a dividend of GBX 9.40 ($0.13) per share. The ex-dividend date is Thursday, April 12th. This represents a dividend yield of 4.13%. This is a positive change from esure’s previous dividend of $4.10.
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esure Group plc, through its subsidiaries, provides general insurance products in the United Kingdom. The company offers motor and home insurance products under the esure and Sheilas' Wheels brands. It is also involved in insurance intermediary, property investment, and administration and management activities.
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