Direct Line Insurance Group (LON:DLG) had its price objective reduced by JPMorgan Chase & Co. from GBX 360 ($4.70) to GBX 345 ($4.51) in a research note released on Monday, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other research firms have also recently weighed in on DLG. BNP Paribas cut RHEINMETALL/ADR from an outperform rating to a neutral rating in a report on Thursday, March 14th. UBS Group set a $125.00 price target on Caterpillar and gave the stock a sell rating in a report on Friday, May 3rd. Numis Securities assumed coverage on TUI in a report on Thursday, May 9th. They set a buy rating for the company. Shore Capital reissued a not rated rating on shares of SolGold in a report on Wednesday, May 8th. Finally, HSBC reissued a hold rating on shares of Anglo American in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 363.92 ($4.76).
LON:DLG traded down GBX 2.20 ($0.03) during mid-day trading on Monday, hitting GBX 336.80 ($4.40). 2,657,856 shares of the stock were exchanged, compared to its average volume of 5,740,000. The stock has a market cap of $4.63 billion and a PE ratio of 10.18. The stock’s 50-day moving average price is GBX 325.51. The company has a debt-to-equity ratio of 11.19, a current ratio of 0.56 and a quick ratio of 0.34. Direct Line Insurance Group has a fifty-two week low of GBX 300.70 ($3.93) and a fifty-two 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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