Direct Line Insurance Group (OTCMKTS:DIISY – Get Rating) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
DIISY has been the topic of several other reports. UBS Group reduced their price objective on Direct Line Insurance Group from GBX 329 ($4.06) to GBX 326 ($4.02) in a research note on Thursday, May 5th. Barclays lowered Direct Line Insurance Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 29th. JPMorgan Chase & Co. dropped their target price on Direct Line Insurance Group from GBX 370 ($4.56) to GBX 315 ($3.88) in a report on Thursday, May 5th. Finally, Morgan Stanley dropped their target price on Direct Line Insurance Group from GBX 330 ($4.07) to GBX 310 ($3.82) in a report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $260.37.
Shares of OTCMKTS DIISY opened at $11.44 on Tuesday. Direct Line Insurance Group has a 12-month low of $11.44 and a 12-month high of $17.85. The business’s fifty day simple moving average is $14.01 and its 200-day simple moving average is $15.01.
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 motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.
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