Direct Line Insurance Group (LON:DLG)‘s stock had its “sell” rating reissued by equities researchers at Canaccord Genuity in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 280 ($3.66) target price on the stock. Canaccord Genuity’s price target indicates a potential downside of 9.65% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Berenberg Bank dropped their price target on shares of Direct Line Insurance Group from GBX 348 ($4.55) to GBX 344 ($4.49) and set a “hold” rating for the company in a research note on Monday, July 15th. Numis Securities downgraded shares of Direct Line Insurance Group to a “reduce” rating in a research note on Thursday, May 9th. Peel Hunt reaffirmed an “add” rating and set a GBX 350 ($4.57) price target (up previously from GBX 345 ($4.51)) on shares of Direct Line Insurance Group in a research note on Monday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating for the company in a research note on Monday, July 8th. Finally, Deutsche Bank reiterated a “hold” rating on shares of Direct Line Insurance Group in a research report on Thursday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Direct Line Insurance Group currently has a consensus rating of “Hold” and an average target price of GBX 361.08 ($4.72).
Shares of DLG stock traded down GBX 8.70 ($0.11) during trading hours on Monday, hitting GBX 309.90 ($4.05). 5,757,567 shares of the company’s stock traded hands, compared to its average volume of 5,740,000. The firm has a 50 day moving average price of GBX 330.69. The stock has a market cap of $4.26 billion and a PE ratio of 9.96. Direct Line Insurance Group has a 12 month low of GBX 300.70 ($3.93) and a 12 month high of GBX 366.60 ($4.79). The company has a current ratio of 1.49, a quick ratio of 0.93 and a debt-to-equity ratio of 16.68.
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company 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 for small and medium-sized enterprises.
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