Direct Line Insurance Group (LON:DLG) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from GBX 395 ($5.16) to GBX 375 ($4.90) in a research report issued on Wednesday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 17.70% from the company’s current price.
Other equities analysts have also issued research reports about the company. Peel Hunt reiterated an “add” rating on shares of Direct Line Insurance Group in a research note on Wednesday, August 1st. Deutsche Bank cut their target price on Direct Line Insurance Group from GBX 400 ($5.23) to GBX 380 ($4.97) and set a “hold” rating on the stock in a research note on Monday, August 6th. UBS Group reiterated a “buy” rating and issued a GBX 420 ($5.49) target price on shares of Direct Line Insurance Group in a research note on Wednesday, August 1st. Royal Bank of Canada cut their target price on Direct Line Insurance Group from GBX 450 ($5.88) to GBX 400 ($5.23) and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Finally, Shore Capital upgraded Direct Line Insurance Group to a “buy” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 399.23 ($5.22).
DLG traded down GBX 4.10 ($0.05) on Wednesday, hitting GBX 318.60 ($4.16). The company had a trading volume of 4,427,746 shares, compared to its average volume of 5,740,000. 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).
About Direct Line Insurance Group
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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