Direct Line Insurance Group (LON:DLG) was downgraded by equities researchers at Deutsche Bank to a “hold” rating in a research note issued to investors on Wednesday. They currently have a GBX 370 ($4.83) price target on the stock, down from their previous price target of GBX 390 ($5.10). Deutsche Bank’s target price would indicate a potential upside of 16.79% from the company’s previous close.
A number of other brokerages also recently commented on DLG. Barclays reduced their price objective on Direct Line Insurance Group from GBX 366 ($4.78) to GBX 355 ($4.64) and set an “equal weight” rating on the stock in a research report on Wednesday, November 7th. JPMorgan Chase & Co. reduced their price objective on Direct Line Insurance Group from GBX 395 ($5.16) to GBX 375 ($4.90) and set an “overweight” rating on the stock in a research report on Wednesday, November 7th. UBS Group reiterated a “buy” rating and set a GBX 400 ($5.23) price objective (down previously from GBX 420 ($5.49)) on shares of Direct Line Insurance Group in a research report on Tuesday, November 6th. Peel Hunt reiterated an “add” rating on shares of Direct Line Insurance Group in a research report on Tuesday, November 6th. Finally, Shore Capital upgraded Direct Line Insurance Group to a “buy” rating in a research report on Tuesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 396.15 ($5.18).
LON DLG opened at GBX 316.80 ($4.14) on Wednesday. Direct Line Insurance Group has a 1-year low of GBX 332.28 ($4.34) and a 1-year high of GBX 411.30 ($5.37).
About Direct Line Insurance Group
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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