Esure Group Share News (ESUR)

Citigroup cuts Admiral to 'sell'; says stock is fully valued

Citigroup downgraded Admiral to 'sell' from 'neutral' and cut the price target to 1,335p from 1,354p, saying it's a high-quality name, but fully valued. "Admiral is undoubtedly a high-quality business and has been the benchmark for the UK motor sector for several years. As a result, Admiral consiste

BROKER RATINGS SUMMARY: Citi Downgrades Admiral To Sell From Neutral

Esure director to step down to avoid conflicts of interest

A non-executive director of insurance provider esure Group, Mike Evans, has stepped down to avoid potential conflicts of interest following a transaction involving another company on whose board he sits. That comes after Zoopla Property, of which Evans is chairman, announced it had completed the pur

Broker tips: HSBC, Intertek, ICAP, Non-life insurers

UBS has maintained a 'neutral' stance on HSBC ahead of the bank's strategy update on 9 June, saying that management is unlikely to deliver what is needed. HSBC's Asian franchise is the bank's "jewel in the crown", UBS said, but it faces substantial challenges over the next few decades as Hong Kong i

JPMorgan names Esure as top non-life pick, upgrades Direct Line

Non-life insurers in the UK are currently struggling with tough conditions, though things should improve as motor pricing picks up, according to JPMorgan Cazenove. JPMorgan named Esure as its top pick with an 'overweight' rating, and upgraded Direct Line from 'neutral' to 'overweight'. It said that

BROKER RATINGS SUMMARY: Numis Cuts ICAP To Sell From Hold

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