Berenberg Bank Cuts Direct Line Insurance Group (DLG) Price Target to GBX 378

Direct Line Insurance Group (LON:DLG) had its price target lowered by Berenberg Bank from GBX 390 ($5.39) to GBX 378 ($5.22) in a research report released on Wednesday morning. The brokerage currently has a hold rating on the stock.

DLG has been the subject of several other research reports. Barclays dropped their price objective on shares of Direct Line Insurance Group from GBX 359 ($4.96) to GBX 358 ($4.95) and set an equal weight rating for the company in a research report on Monday, December 11th. Deutsche Bank reaffirmed a buy rating and set a GBX 440 ($6.08) price target on shares of Direct Line Insurance Group in a report on Tuesday, October 24th. HSBC reaffirmed a buy rating and set a GBX 440 ($6.08) price target on shares of Direct Line Insurance Group in a report on Thursday, November 23rd. Shore Capital reaffirmed a sell rating on shares of Direct Line Insurance Group in a report on Tuesday, November 7th. Finally, Peel Hunt raised shares of Direct Line Insurance Group to an add rating and raised their price target for the company from GBX 360 ($4.97) to GBX 415 ($5.73) in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 416 ($5.75).

Shares of Direct Line Insurance Group (DLG) opened at GBX 385.80 ($5.33) on Wednesday. Direct Line Insurance Group has a 52-week low of GBX 328.40 ($4.54) and a 52-week high of GBX 411.30 ($5.68). The stock has a market cap of $5,300.00 and a price-to-earnings ratio of 1,607.50.

In related news, insider Danuta Gray acquired 10,000 shares of Direct Line Insurance Group stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of GBX 359 ($4.96) per share, for a total transaction of £35,900 ($49,599.34). Also, insider Penny James acquired 135,983 shares of Direct Line Insurance Group stock in a transaction on Monday, December 18th. The shares were bought at an average price of GBX 368 ($5.08) per share, for a total transaction of £500,417.44 ($691,375.30). Insiders have acquired a total of 146,106 shares of company stock worth $53,676,926 over the last quarter.

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About Direct Line Insurance Group

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.

Analyst Recommendations for Direct Line Insurance Group (LON:DLG)

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