Direct Line Price Target Cut to GBX 240 by Analysts at Canaccord Genuity (DLG)
Research analysts at Canaccord Genuity lowered their price objective on shares of Direct Line (LON:DLG) from GBX 260 ($4.19) to GBX 240 ($3.87) in a report released on Friday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 14.34% from the stock’s previous close.
Direct Line (LON:DLG) traded down 0.19% during mid-day trading on Friday, hitting GBX 209.50. The stock had a trading volume of 1,416,220 shares. Direct Line has a 52-week low of GBX 175.00 and a 52-week high of GBX 238.00. The stock has a 50-day moving average of GBX 219.1 and a 200-day moving average of GBX 213.4.
Several other analysts have also recently commented on the stock. 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. They now have a GBX 250 ($4.03) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “sell” rating on shares of Direct Line (LON:DLG) in a research note to investors on Friday, September 27th. They now have a GBX 200 ($3.23) price target on the stock. Finally, 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. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Direct Line has an average rating of “Hold” and a consensus price target of GBX 239.22 ($3.86).
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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