Direct Line Insurance Group (OTCMKTS:DIISY) Price Target Lowered to GBX 180 at Royal Bank of Canada

Direct Line Insurance Group (OTCMKTS:DIISY – Get Rating) had its price objective decreased by Royal Bank of Canada from GBX 190 ($2.32) to GBX 180 ($2.19) in a report issued on Wednesday morning, The Fly reports.

Several other analysts have also recently issued reports on DIISY. Citigroup cut Direct Line Insurance Group from a neutral rating to a sell rating in a research note on Tuesday, January 24th. HSBC upgraded Direct Line Insurance Group from a reduce rating to a hold rating in a research note on Thursday, January 12th. Berenberg Bank reduced their price objective on Direct Line Insurance Group from GBX 160 ($1.95) to GBX 159 ($1.94) in a research note on Monday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Direct Line Insurance Group from GBX 225 ($2.74) to GBX 170 ($2.07) in a research note on Thursday, January 12th. Finally, Barclays cut Direct Line Insurance Group from an equal weight rating to an underweight rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, Direct Line Insurance Group currently has a consensus rating of Hold and an average target price of $193.43.

Direct Line Insurance Group Stock Performance

DIISY opened at $7.48 on Wednesday. Direct Line Insurance Group has a 52 week low of $7.32 and a 52 week high of $15.25. The business has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $9.34.

Direct Line Insurance Group Company Profile

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Direct Line Insurance Group Plc engages in the provision of general insurance services. It operates through the following business segments: Motor, Home, Rescue and Other Personal Lines and Commercial. The Motor segment consists of personal motor insurance cover together with the associated legal expenses business.