Direct Line Insurance Group (LON:DLG) had its price target lowered by equities research analysts at Berenberg Bank from GBX 344 ($4.49) to GBX 331 ($4.33) in a research note issued to investors on Thursday, August 29th, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.64% from the stock’s previous close.
A number of other research firms have also recently commented on DLG. UBS Group reiterated a “buy” rating on shares of Direct Line Insurance Group in a research report on Monday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Direct Line Insurance Group in a research note on Wednesday, June 19th. JPMorgan Chase & Co. decreased their price target on Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating on the stock in a research note on Monday, July 8th. Shore Capital reaffirmed a “buy” rating on shares of Direct Line Insurance Group in a research note on Wednesday, July 31st. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 350 ($4.57) price objective (up from GBX 345 ($4.51)) on shares of Direct Line Insurance Group in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Direct Line Insurance Group presently has a consensus rating of “Hold” and a consensus price target of GBX 354.36 ($4.63).
Shares of DLG stock opened at GBX 301.90 ($3.94) on Thursday. The stock has a market cap of $4.15 billion and a P/E ratio of 9.68. The business has a fifty day simple moving average of GBX 303.49 and a 200-day simple moving average of GBX 329.03. Direct Line Insurance Group has a fifty-two week low of GBX 278.80 ($3.64) and a fifty-two week high of GBX 366.60 ($4.79). The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 16.68.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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