Direct Line Insurance Group PLC (LON:DLG)‘s stock had its “overweight” rating restated by research analysts at J P Morgan Chase & Co in a report released on Tuesday, October 24th. They currently have a GBX 450 ($5.92) target price on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 26.51% from the stock’s current price.
A number of other research firms have also recently weighed in on DLG. Shore Capital reaffirmed a “sell” rating on shares of Direct Line Insurance Group PLC in a report on Monday, August 7th. Jefferies Group LLC reaffirmed an “overweight” rating and set a GBX 415 ($5.46) target price on shares of Direct Line Insurance Group PLC in a research note on Thursday, July 6th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Direct Line Insurance Group PLC in a research note on Friday, September 8th. Morgan Stanley increased their price target on shares of Direct Line Insurance Group PLC from GBX 423 ($5.56) to GBX 451 ($5.93) and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Finally, Barclays PLC raised their target price on shares of Direct Line Insurance Group PLC from GBX 339 ($4.46) to GBX 352 ($4.63) and gave the company an “equal weight” rating in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 396.62 ($5.22).
Shares of Direct Line Insurance Group PLC (LON DLG) opened at GBX 355.70 ($4.68) on Tuesday. Direct Line Insurance Group PLC has a 12-month low of GBX 328.40 ($4.32) and a 12-month high of GBX 411.30 ($5.41).
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About Direct Line Insurance Group PLC
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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