Direct Line Insurance Group (LON:DLG – Get Rating) Its price objective was decreased by equities researchers at Shore Capital from GBX 160 ($1.98) to GBX 159 ($1.97) in a report issued on Friday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. Shore Capital’s price objective indicating a potential downside of 8.52% from the stock’s previous close.
Other equities analysts have also recently issued research reports on the company. JPMorgan Chase & Co. dropped their target price on Direct Line Insurance Group from GBX 230 ($2.85) to GBX 220 ($2.72) and set a “neutral” rating on the stock in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Direct Line Insurance Group from GBX 230 ($2.85) to GBX 225 ($2.79) and set a “hold” rating for the company in a report on Wednesday, November 9. Barclays reiterated a “hold” rating. equal weight” rating and set a GBX 278 ($3.44) price objective on shares of Direct Line Insurance Group in a report on Wednesday, November 9th. Citigroup downgraded Direct Line Insurance Group to a “sell” rating in a report on Tuesday, January 24. Finally, Berenberg Bank reduced their price objective on Direct Line Insurance Group from GBX 266 ($3.29) to GBX 259 ($3.21 ) and set a “Buy” rating for the company in a report on Wednesday, November 9. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 245.60 ($3.04), according to MarketBeat.com.
Direct Line Insurance Group trades down 2.8%
LON:DLG opened at GBX 173.80 ($2.15) on Friday. 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 has a fifty-two week low of GBX 161.95 ($2.01) and a fifty-two week high of GBX 312.70 ($3.87). The stock’s 50-day moving average is GBX 206.78 and its 200-day moving average is GBX 204.69. The stock has a market capitalization of £2.28 billion and a PE ratio of 869.00.
Buying and selling inside
In other news, insider Penny James sold 218,040 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of GBX 222 ($2.75), for a total transaction of £484,048.80 ($599,292.81).
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance products and services in the UK. The company operates through motor, home, salvage and other personal lines, and trade. It offers auto, home, salvage, travel, creditor and pet insurance products, as well as insurance for middle to high net worth clients; and commercial insurance for small and medium businesses.
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