Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In company news, Aviva rallied as the insurer's interim results for the six months to 30 June showed operating profit rising 13% to £1.325bn and operating earnings per share improving 1% to 22.4p. Fellow insurers Prudential and RSA Insurance Group were also in the black.
Recently stock market analysts have updated their consensus ratings on shares of esure Group (LON:ESUR). The newest analyst ratings which are still in issue on Thursday 4th of August state 6 analysts have a rating of “strong buy”, 0 analysts “buy”, 5 analysts “neutral”, 0 analysts “sell” and 1 analysts “strong sell”.
ESUR has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Esure Group PLC are listed in the Financials sector within UK Main Market. JP Morgan Cazenove have set their target price at 330 GBX on its stock. This indicates the analyst now believes there is a potential upside of 28.8% from the opening price of 256.3 GBX.
And there's more: Shares in the British internet-based insurance company esure rose by 9% on June 30 as rumours swept the market that private equity companies and overseas trader buyers are considering an offer for the company. The shares were up by as much as 15% at one stage, but fell back after the company denied that it had received an approach. Nevertheless this did not altogether dampen speculation, with press reports admitting that it was not clear whether an approach had been made. Specific speculation suggested that the giant global private equity company KKR is pondering a bid, and it is thought that a number of other potential private equity and trade buyers are circling the company.
Shares in the insurance and price comparison group Esure jumped by almost 15pc after a report the firm was attracting takeover interest, forcing it to deny that it had heard from a suitor. Esure, which hired Deutsche Bank to run a strategic review of its Go Compare price comparison site earlier this month, said it continued to work on options but that “no approach has been received by the company” about a potential takeover
Saw the price jump yesterday.
Esure Group PLC (LON:ESUR) had its price target upped by equities research analysts at Barclays from GBX 315 ($4.16) to GBX 334 ($4.41) in a research note issued on Wednesday. The firm presently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 31.39% from the stock’s current price.
Diversified insurer Esure (LSE: ESUR) is well placed to enjoy the end of the low-premium era, in my opinion. A backdrop of rising policy costs underpinned a 30% uptick in pre-tax profits last year, to £134m, and further hefty gains would appear to be on the cards. Gross written premiums advanced 6.3% in 2015, and Esure expects premiums to advance between 10% and 15% in the current period. As well as benefitting from rising prices, Esure is also growing its customer base in the critical Motor segment. The business was forced to cut the dividend in 2015 to build its capital pile, reducing the payment to 11.5p per share from 16.8p the previous year. But with market conditions steadily improving, the City has chalked-in dividends of 13.2p for 2016 and 15.5p for next year. These figures create gigantic yields of 4.9% and 5.8%, respectively.
Esure Group PLC (LON:ESUR) had its price target hoisted by Barclays from GBX 296 ($4.23) to GBX 315 ($4.50) in a research note issued to investors on Monday morning, Analyst Ratings Network.com reports. Barclays currently has an overweight rating on the stock. http://washingtonnewswire.com/2016-04-14-barclays-raises-esure-group-plc-esur-price-target-to-gbx-315/
Recommendation from HSBC and Citicorp, 307p.
Good results and div.
According to an update released by analysts at Barclays the broker has now set a ‘Overweight’ rating on shares of Esure Group (LON:ESUR) with a price target of 296. Barclays on Monday reiterated Esure Group’s analyst rating as ‘Overweight’ with its price target of 296 highlighting a potential increase of 18.49% from Esure Group’s current price of 249.8.
According to an update released by analysts at Barclays the broker has now set a ‘Overweight’ rating on shares of Esure Group (LON:ESUR) with a price target of 296. Barclays on Monday reiterated Esure Group’s analyst rating as ‘Overweight’ with its price target of 296 highlighting a potential increase of 18.49% from Esure Group’s current price of 249.8.
Esure Group PLC with EPIC/TICKER LON:ESUR had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Peel Hunt. Esure Group PLC are listed in the Financials sector within UK Main Market. Peel Hunt have set their target price at 260 GBX on its stock. This is indicating the analyst believes there is a potential upside of 12.5% from the opening price of 231.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 23.1 points and decreased 16.6 points respectively.
http://www.sharesmagazine.co.uk/news/storm-losses-worry-esure-investors#.VkRyfK7hCi4
I'm only following two shares.The other being Morrisons.Neither being the best company to invest in at the mo.
Does anyone know why this shareprice has fell today?.results didn't seem bad and more shares bought than sold
Motor insurance prices are on the rise and the new Insurance Premium Tax hike looks set to continue the trend, Confused.com claims. Biggest rise in five years The price comparison website says that in the third quarter of 2015, the typical cost of a comprehensive policy reached £629 - representing a rise of £47 compared to the same period in 2014, a rise of 8%.
Makes good reading. I'm just gutted that I never bought more when it was down in the £2 region. Received my divi the other day, close to 7% for the second year running :-)
Esure Group PLC 17.6% Potential Upside Indicated by Barclays Capital.Esure Group PLC using EPIC/TICKER code LON:ESUR had its stock rating noted as ‘Retains’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Esure Group PLC are listed in the Financials sector within UK Main Market. Barclays Capital have set a target price of 295 GBX on its stock. This is indicating the analyst believes there is a potential upside of 17.6% from the opening price of 250.8 GBX.
Good news for esure http://www.lse.co.uk/FinanceNews.asp?code=3yrhm9hu&headline=uk_quarterly_motor_insurance_premiums_up_48_pct_biggest_rise_since_2010
Wondering if the jump today might be some kind of takeover whisper? Can't see any other reason for it.
Poor set of results when you compare with DLG. Market is keen to stay away
Makes interesting reading Colbats, I've got interest in both esure and Adm, I'm a big fan of the divis :-)
Be interesting to see if this starts to affect esure. One thing Zurich have never cracked in the UK is the direct market, so this (or ADM) might make sense!