Direct Line Rating Reiterated by Berenberg Bank (DLG)
Direct Line (LON:DLG)‘s stock had its “sell” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Friday, American Banking News reports. They currently have a GBX 200 ($3.20) target price on the stock. Berenberg Bank’s price objective would indicate a potential downside of 5.93% from the stock’s previous close.
Shares of Direct Line (LON:DLG) traded up 0.43% during mid-day trading on Friday, hitting GBX 212.60. 19,747,604 shares of the company’s stock traded hands. Direct Line has a 1-year low of GBX 175.00 and a 1-year high of GBX 238.00. The stock’s 50-day moving average is GBX 219.1 and its 200-day moving average is GBX 213.4.
A number of other firms have also recently commented on DLG. Analysts at Shore Capital Stockbrokers reiterated a “sell” rating on shares of Direct Line (LON:DLG) in a research note to investors on Friday, September 20th. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Direct Line (LON:DLG) from GBX 245 ($3.92) to GBX 255 ($4.08) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Direct Line (LON:DLG) in a research note to investors on Monday, September 9th. They now have a GBX 250 ($4.00) price target on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Direct Line currently has an average rating of “Hold” and a consensus price target of GBX 240.56 ($3.85).
Direct Line Insurance Group plc, formerly RBS Insurance Group Limited, is a retail general insurer with operations in the United Kingdom, Italy and Germany.
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