Direct Line Receives Neutral Rating from Goldman Sachs (DLG)
Direct Line (LON:DLG)‘s stock had its “neutral” rating restated by analysts at Goldman Sachs in a research report issued to clients and investors on Friday, AmericanBankingNews.com reports. They currently have a GBX 250 ($4.19) price target on the stock. Goldman Sachs’ price target points to a potential downside of 4.14% from the stock’s previous close.
Direct Line (LON:DLG) opened at 260.80 on Friday. Direct Line has a 1-year low of GBX 194.69 and a 1-year high of GBX 269.00. The stock has a 50-day moving average of GBX 257.8 and a 200-day moving average of GBX 232.4.
A number of other analysts have also recently weighed in on DLG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Direct Line in a research note on Friday. They now have a GBX 265 ($4.44) price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Direct Line in a research note on Wednesday. They now have a GBX 280 ($4.69) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Direct Line in a research note on Friday, January 31st. They now have a GBX 275 ($4.61) price target on the stock. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Direct Line presently has an average rating of “Hold” and a consensus target price of GBX 242.26 ($4.06).
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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