Direct Line Insurance Group (LON:DLG) Price Target Cut to GBX 180

Direct Line Insurance Group (LON:DLG – Get Rating) had its price target lowered by stock analysts at Royal Bank of Canada from GBX 190 ($2.32) to GBX 180 ($2.19) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 16.39% from the stock’s previous close.

Several other analysts also recently weighed in on DLG. Berenberg Bank restated a “hold” rating and set a GBX 159 ($1.94) price objective on shares of Direct Line Insurance Group in a research report on Monday, February 27th. Shore Capital reduced their price target on shares of Direct Line Insurance Group from GBX 160 ($1.95) to GBX 159 ($1.94) and set a “hold” rating on the stock in a research note on Friday, January 27th. Citigroup cut shares of Direct Line Insurance Group to a “sell” rating in a research report on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 180 ($2.19) target price on shares of Direct Line Insurance Group in a research report on Tuesday. Finally, Numis Securities reiterated a “hold” rating and set a GBX 170 ($2.07) price target on shares of Direct Line Insurance Group in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 213.10 ($2.60).

Direct Line Insurance Group Stock Up 1.7 %

LON DLG opened at GBX 154.65 ($1.88) on Wednesday. The business has a fifty day moving average price of GBX 179.75 and a two-hundred day moving average price of GBX 197.11. The stock has a market capitalization of £2.03 billion, a PE ratio of 813.95, a PEG ratio of 2.22 and a beta of 0.35. Direct Line Insurance Group has a fifty-two week low of GBX 151.85 ($1.85) and a fifty-two week high of GBX 282.60 ($3.44). The company has a debt-to-equity ratio of 16.65, a current ratio of 0.53 and a quick ratio of 0.28.

Direct Line Insurance Group Company Profile

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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.