Barclays Cuts Direct Line Insurance Group (DLG) Price Target to GBX 358
Direct Line Insurance Group (LON:DLG) had its price objective decreased by investment analysts at Barclays from GBX 359 ($4.83) to GBX 358 ($4.82) in a note issued to investors on Monday. The firm presently has an “equal weight” rating on the stock. Barclays’ price objective suggests a potential downside of 0.03% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank reissued a “buy” rating and set a GBX 440 ($5.92) target price on shares of Direct Line Insurance Group in a research note on Tuesday, October 24th. restated a “buy” rating on shares of Direct Line Insurance Group in a research report on Thursday, November 9th. HSBC restated a “buy” rating and set a GBX 440 ($5.92) price target on shares of Direct Line Insurance Group in a research report on Thursday, November 23rd. Peel Hunt restated a “hold” rating and set a GBX 360 ($4.85) price target on shares of Direct Line Insurance Group in a research report on Thursday, September 7th. Finally, Goldman Sachs Group restated a “neutral” rating and set a GBX 370 ($4.98) price target on shares of Direct Line Insurance Group in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 400.14 ($5.39).
Shares of Direct Line Insurance Group (LON:DLG) opened at GBX 358.10 ($4.82) on Monday. Direct Line Insurance Group has a one year low of GBX 328.40 ($4.42) and a one year high of GBX 411.30 ($5.54).
In related news, insider Danuta Gray bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of GBX 359 ($4.83) per share, for a total transaction of £35,900 ($48,317.63). Over the last quarter, insiders purchased 10,125 shares of company stock valued at $3,635,142.
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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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