Credit Suisse Reiterates “Neutral” Rating for Direct Line (DLG)
Direct Line (LON:DLG)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 255 ($4.24) price objective on the stock. Credit Suisse’s price target would suggest a potential downside of 2.82% from the company’s current price.
Shares of Direct Line (LON:DLG) opened at 260.40 on Tuesday. Direct Line has a one year low of GBX 194.69 and a one year high of GBX 269.00. The stock’s 50-day moving average is GBX 257.8 and its 200-day moving average is GBX 232.4.
A number of other analysts have also recently weighed in on DLG. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Direct Line in a research note on Friday. They now have a GBX 250 ($4.16) price target on the stock. Separately, 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 ($4.41) price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Direct Line in a research note on Wednesday, February 19th. They now have a GBX 280 ($4.66) price target on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 242.26 ($4.03).
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.