Citigroup Inc. Increases Direct Line Price Target to GBX 244 (DLG)
Stock analysts at Citigroup Inc. hoisted their price target on shares of Direct Line (LON:DLG) from GBX 233 ($3.84) to GBX 244 ($4.02) in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective points to a potential downside of 8.48% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Direct Line in a research note to investors on Monday, December 16th. They now have a GBX 240 ($3.96) price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Direct Line to a “buy” rating in a research note to investors on Monday, December 16th. They now have a GBX 265 ($4.37) price target on the stock, up previously from GBX 240 ($3.96). Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Direct Line in a research note to investors on Monday, December 2nd. They now have a GBX 265 ($4.37) price target on the stock. Four analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 235.21 ($3.88).
Direct Line (LON:DLG) opened at 266.60 on Monday. Direct Line has a 52-week low of GBX 194.69 and a 52-week high of GBX 252.40. The stock’s 50-day moving average is GBX 239. and its 200-day moving average is GBX 226.1.
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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