Direct Line Insurance Group (DLG) Price Target Cut to GBX 375
Direct Line Insurance Group (LON:DLG) had its price objective trimmed by JPMorgan Chase & Co. from GBX 395 ($5.16) to GBX 375 ($4.90) in a research report released on Wednesday. The brokerage currently has an overweight rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. UBS Group reaffirmed a buy rating and issued a GBX 400 ($5.23) price objective (down from GBX 420 ($5.49)) on shares of Direct Line Insurance Group in a research report on Tuesday. Peel Hunt reaffirmed an add rating on shares of Direct Line Insurance Group in a research report on Tuesday. Shore Capital raised shares of Direct Line Insurance Group to a buy rating in a research report on Tuesday. Royal Bank of Canada reduced their price objective on shares of Direct Line Insurance Group from GBX 450 ($5.88) to GBX 400 ($5.23) and set an outperform rating for the company in a research report on Friday, November 2nd. Finally, Berenberg Bank reduced their price objective on shares of Direct Line Insurance Group from GBX 378 ($4.94) to GBX 360 ($4.70) and set a hold rating for the company in a research report on Wednesday, October 17th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 397.69 ($5.20).
DLG stock traded up GBX 3.80 ($0.05) during trading on Wednesday, reaching GBX 322.40 ($4.21). The stock had a trading volume of 3,074,876 shares, compared to its average volume of 5,740,000. Direct Line Insurance Group has a one year low of GBX 332.28 ($4.34) and a one year high of GBX 411.30 ($5.37).
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance products, such as business, van, and landlord insurance products for small and medium-size entities.
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