Direct Line Insurance Group (DLG) Price Target Lowered to GBX 400 at Royal Bank of Canada

Direct Line Insurance Group (LON:DLG) had its price target dropped by stock analysts at Royal Bank of Canada from GBX 450 ($5.88) to GBX 400 ($5.23) in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 22.89% from the company’s current price.

DLG has been the topic of a number of other research reports. Deutsche Bank reduced their price objective on Direct Line Insurance Group from GBX 400 ($5.23) to GBX 380 ($4.97) and set a “hold” rating on the stock in a research note on Monday, August 6th. Morgan Stanley reduced their price objective on Direct Line Insurance Group from GBX 452 ($5.91) to GBX 435 ($5.68) and set an “overweight” rating on the stock in a research note on Monday, July 9th. Berenberg Bank reduced their price objective on Direct Line Insurance Group from GBX 378 ($4.94) to GBX 360 ($4.70) and set a “hold” rating on the stock in a research note on Wednesday, October 17th. Peel Hunt restated an “add” rating and set a GBX 400 ($5.23) price objective on shares of Direct Line Insurance Group in a research note on Monday, July 16th. Finally, Barclays cut Direct Line Insurance Group to an “equal weight” rating and reduced their price objective for the stock from GBX 420 ($5.49) to GBX 357 ($4.66) in a research note on Friday, July 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Direct Line Insurance Group currently has a consensus rating of “Hold” and a consensus target price of GBX 401.62 ($5.25).

Shares of DLG opened at GBX 325.50 ($4.25) on Friday. Direct Line Insurance Group has a 12 month low of GBX 332.28 ($4.34) and a 12 month high of GBX 411.30 ($5.37).

Direct Line Insurance Group (LON:DLG) last issued its quarterly earnings data on Wednesday, August 1st. The company reported GBX 16.70 ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 14.20 ($0.19) by GBX 2.50 ($0.03). Direct Line Insurance Group had a return on equity of 11.77% and a net margin of 9.36%.

About Direct Line Insurance Group

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance products, such as business, van, and landlord insurance products for small and medium-size entities.

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