The stock of Esure Group PLC (LON:ESUR) hit a new 52-week low and has GBX 179.00 target or 6.00% below today’s GBX 190.43 share price. The 8 months bearish chart indicates high risk for the GBX 790.17 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the GBX 179.00 price target is reached, the company will be worth GBX 47.41M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.89% or GBX 5.67 on November 4, hitting GBX 190.43. About 2.10M shares traded hands or 164.40% up from the average. Esure Group PLC (LON:ESUR) has declined 28.24% since April 7, 2016 and is downtrending. It has underperformed by 29.33% the S&P500.
Esure Group PLC (LON:ESUR) Ratings Coverage
Out of 15 analysts covering esure Group plc (LON:ESUR), 8 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 53% are positive. GBX 340 is the highest target while GBX 190 is the lowest. The GBX 272.54 average target is 43.12% above today’s (GBX 190.43) stock price. esure Group plc has been the topic of 96 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, March 15 by RBC Capital Markets. On Tuesday, October 27 the stock rating was maintained by JP Morgan with “Overweight”. Canaccord Genuity maintained Esure Group PLC (LON:ESUR) on Friday, January 29 with “Hold” rating. The stock of Esure Group PLC (LON:ESUR) has “Sell” rating given on Wednesday, October 26 by Berenberg. The firm has “Add” rating given on Friday, November 4 by Numis Securities. As per Friday, January 22, the company rating was maintained by Barclays Capital. The rating was maintained by Barclays Capital on Friday, October 23 with “Overweight”. The firm earned “Hold” rating on Thursday, October 27 by Peel Hunt. Macquarie Research maintained Esure Group PLC (LON:ESUR) on Tuesday, May 17 with “Neutral” rating. Peel Hunt maintained Esure Group PLC (LON:ESUR) rating on Tuesday, October 11. Peel Hunt has “Hold” rating and GBX 280 price target.
Another recent and important Esure Group PLC (LON:ESUR) news was published by Fool.Co.Uk which published an article titled: “Why Esure Group plc, Tullow Oil plc and Greggs plc could be today’s top FTSE …” on June 07, 2016.
esure Group plc is a holding company, which provides Motor and Home insurance services and products through its esure and Sheilas’ Wheels brands. The company has a market cap of 790.17 million GBP. The Company’s divisions include Motor underwriting, Home underwriting, Non-underwritten additional services, Price comparison services and Investments. It has a 14.45 P/E ratio. 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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