Deutsche Bank Aktiengesellschaft cuts Direct Line Insurance Group (LON:DLG) price target to 230 GBX


Direct Line Insurance Group (LON:DLG – Get an Assessment) had its price target lowered by Deutsche Bank Aktiengesellschaft investment analysts from GBX 240 ($2.90) to GBX 230 ($2.78) in a research report released on Monday, MarketBeat.com reports. The company currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 12.50% from the current share price.

A number of other equity research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 230 ($2.78) price target on shares of Direct Line Insurance Group in a Tuesday, October 18 research note. Jefferies Financial Group downgraded shares of Direct Line Insurance Group to a “hold” rating and cut its price target for the company from 330 GBX ($3.99) to 215 GBX ($2.60) in a rating of research from Monday, July 18. Berenberg Bank restated a “buy” rating and issued a GBX 266 ($3.21) price target on shares of Direct Line Insurance Group in a research note on Wednesday, October 26. Barclays reiterated an “equal weight” rating and issued a price target of 292 GBX ($3.53) on shares of Direct Line Insurance Group in a Wednesday, August 3 research note. Finally, Credit Suisse Group lowered its price target on Direct Line Insurance Group shares from GBX 250 ($3.02) to GBX 240 ($2.90) and set an “outperform” rating for the company. in a report on Wednesday, August 3. Five equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, Direct Line Insurance Group currently has a consensus rating of “Hold” and an average price target of 270.38 GBX ($3.27).

The direct line insurance group grew by 1.3%

DLG opened Monday at 204.45 GBX ($2.47). The company’s 50-day moving average is 200.44 GBX and its 200-day moving average is 224.60 GBX. Direct Line Insurance Group has a 1-year minimum of 171.70 GBX ($2.07) and a 1-year maximum of 313.70 GBX ($3.79). The company has a current ratio of 0.53, a quick ratio of 0.28 and a debt ratio of 16.65. The company has a market capitalization of £2.68 billion and a P/E ratio of 1,022.25.

Insiders place their bets

In other Direct Line Insurance Group news, insider Neil Manser sold 48,462 shares of Direct Line Insurance Group in a trade on Monday August 8th. The shares were sold at an average price of 208 GBX ($2.51), for a total transaction of £100,800.96 ($121,799.13).

About Direct Line Insurance Group

(Get a rating)

Direct Line Insurance Group plc provides general insurance products and services in the UK. The Company operates through the Automotive, Home, Rescue and Other Personal Lines, and Commercial segments. It offers auto, home, salvage, travel, credit and pet insurance products, as well as insurance for mid-to-high net worth clients; and commercial insurance for small and medium enterprises.

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

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