Direct Line Insurance Group (LON:DLG) had its price target cut by investment analysts at Berenberg Bank from GBX 344 ($4.49) to GBX 331 ($4.33) in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 16.02% from the company’s current price.
Several other research firms have also issued reports on DLG. JPMorgan Chase & Co. cut their price target on shares of Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating on the stock in a report on Monday, July 8th. Deutsche Bank reaffirmed a “hold” rating on shares of Direct Line Insurance Group in a report on Thursday, August 1st. Shore Capital reaffirmed a “buy” rating on shares of Direct Line Insurance Group in a report on Wednesday, July 31st. Numis Securities lowered shares of Direct Line Insurance Group to a “reduce” rating in a report on Thursday, May 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of Direct Line Insurance Group in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 355.73 ($4.65).
Shares of DLG stock opened at GBX 285.30 ($3.73) on Thursday. The firm has a market cap of $3.91 billion and a price-to-earnings ratio of 9.14. The company’s 50 day moving average is GBX 313.36 and its 200 day moving average is GBX 331.88. The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 16.68. Direct Line Insurance Group has a 52-week low of GBX 285.80 ($3.73) and a 52-week high of GBX 366.60 ($4.79).
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company 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 for small and medium-sized enterprises.
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