Peel Hunt upgraded shares of Direct Line Insurance Group (LON:DLG) to an add rating in a research note published on Wednesday morning. The brokerage currently has GBX 415 ($5.82) price target on the stock, up from their prior price target of GBX 360 ($5.05).
Other research analysts also recently issued research reports about the stock. Morgan Stanley reiterated an overweight rating and set a GBX 449 ($6.30) target price on shares of Direct Line Insurance Group in a research report on Monday, January 29th. reiterated a buy rating on shares of Direct Line Insurance Group in a research report on Thursday, November 9th. Numis Securities reiterated an add rating and set a GBX 455 ($6.38) target price on shares of Direct Line Insurance Group in a research report on Thursday, February 1st. JPMorgan Chase & Co. reiterated an overweight rating on shares of Direct Line Insurance Group in a research report on Thursday, November 16th. Finally, Deutsche Bank reiterated a buy rating and set a GBX 440 ($6.17) target price on shares of Direct Line Insurance Group in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Direct Line Insurance Group presently has an average rating of Buy and an average price target of GBX 416.07 ($5.83).
Shares of Direct Line Insurance Group (LON DLG) opened at GBX 378.50 ($5.31) on Wednesday. Direct Line Insurance Group has a 12 month low of GBX 328.40 ($4.60) and a 12 month high of GBX 411.30 ($5.77). The company has a market cap of $5,200.00 and a price-to-earnings ratio of 1,577.08.
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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.
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