Direct Line Given “Buy” Rating at Numis Securities Ltd (DLG)
Direct Line (LON:DLG)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Friday, American Banking News.com reports. They currently have a GBX 265 ($4.29) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 15.97% from the stock’s previous close.
A number of other analysts have also recently weighed in on DLG. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Direct Line in a research note to investors on Friday. Separately, analysts at BNP Paribas cut their price target on shares of Direct Line from GBX 229 ($3.70) to GBX 213 ($3.45) in a research note to investors on Tuesday. They now have an “underperform” rating on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Direct Line in a research note to investors on Tuesday. They now have a GBX 250 ($4.04) price target on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 230.67 ($3.73).
Shares of Direct Line (LON:DLG) traded up 0.57% on Friday, hitting GBX 228.50. 4,418,594 shares of the company’s stock traded hands. Direct Line has a one year low of GBX 191.00 and a one year high of GBX 1386.83. The stock has a 50-day moving average of GBX 215.5 and a 200-day moving average of GBX 215.7.
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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