Direct Line Rating Reiterated by Beaufort Securities (DLG)
Direct Line (LON:DLG)‘s stock had its “buy” rating restated by equities researchers at Beaufort Securities in a research report issued on Wednesday, American Banking and Market News reports.
Shares of Direct Line (LON:DLG) traded down 0.53% during mid-day trading on Wednesday, hitting GBX 207.90. The stock had a trading volume of 903,069 shares. Direct Line has a one year low of GBX 175.00 and a one year high of GBX 238.00. The stock’s 50-day moving average is GBX 214.7 and its 200-day moving average is GBX 213.4.
A number of other analysts have also recently weighed in on DLG. Analysts at Canaccord Genuity cut their price target on shares of Direct Line from GBX 260 ($4.17) to GBX 240 ($3.85) in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Direct Line in a research note to investors on Monday, September 30th. They now have a GBX 250 ($4.01) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “sell” rating on shares of Direct Line in a research note to investors on Friday, September 27th. They now have a GBX 200 ($3.21) price target on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 239.22 ($3.84).
Direct Line Insurance Group plc, formerly RBS Insurance Group Limited, is a retail general insurer with operations in the United Kingdom, Italy and Germany.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.