Direct Line Insurance Group (LON:DLG) had its target price reduced by Barclays from GBX 359 ($4.83) to GBX 358 ($4.82) in a research report released on Monday morning. Barclays currently has an equal weight rating on the stock.
A number of other analysts have also commented on DLG. Morgan Stanley boosted their target price on Direct Line Insurance Group from GBX 423 ($5.69) to GBX 451 ($6.07) and gave the company an overweight rating in a research report on Thursday, August 17th. Credit Suisse Group boosted their target price on Direct Line Insurance Group from GBX 410 ($5.52) to GBX 450 ($6.06) and gave the company an outperform rating in a research report on Thursday, August 17th. J P Morgan Chase & Co reaffirmed an overweight rating on shares of Direct Line Insurance Group in a research report on Tuesday, August 22nd. Peel Hunt reaffirmed a hold rating and issued a GBX 360 ($4.85) target price on shares of Direct Line Insurance Group in a research report on Thursday, September 7th. Finally, Deutsche Bank reaffirmed a buy rating and issued a GBX 440 ($5.92) target price on shares of Direct Line Insurance Group in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of GBX 400.14 ($5.39).
Direct Line Insurance Group (DLG) opened at GBX 360.50 ($4.85) on Monday. Direct Line Insurance Group has a 12-month low of GBX 328.40 ($4.42) and a 12-month high of GBX 411.30 ($5.54).
In other Direct Line Insurance Group news, insider Danuta Gray bought 10,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of GBX 359 ($4.83) per share, for a total transaction of £35,900 ($48,317.63). Insiders bought a total of 10,125 shares of company stock worth $3,635,142 in the last 90 days.
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Direct Line Insurance Group Company Profile
Direct Line Insurance Group plc is a United Kingdom-based personal and small business general insurer. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. The Company’s operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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