Direct Line Insurance Group (LON:DLG) was downgraded by stock analysts at BNP Paribas to a “neutral” rating in a report issued on Thursday. They currently have a GBX 370 ($4.83) price target on the stock, down from their prior price target of GBX 390 ($5.10). BNP Paribas’ price objective suggests a potential upside of 3.09% from the company’s previous close.
DLG has been the topic of several other research reports. HSBC increased their target price on Direct Line Insurance Group from GBX 410 ($5.36) to GBX 424 ($5.54) and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Deutsche Bank restated a “hold” rating on shares of Direct Line Insurance Group in a report on Monday, January 7th. Goldman Sachs Group cut their price target on Direct Line Insurance Group from GBX 360 ($4.70) to GBX 352 ($4.60) and set a “neutral” rating on the stock in a report on Friday, December 14th. Shore Capital restated a “buy” rating on shares of Direct Line Insurance Group in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. cut their price target on Direct Line Insurance Group from GBX 375 ($4.90) to GBX 360 ($4.70) and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Direct Line Insurance Group presently has a consensus rating of “Hold” and an average price target of GBX 379.17 ($4.95).
DLG opened at GBX 358.90 ($4.69) on Thursday. Direct Line Insurance Group has a 12-month low of GBX 332.28 ($4.34) and a 12-month high of GBX 411.30 ($5.37).
Direct Line Insurance Group Company Profile
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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