Direct Line Insurance Group PLC (LON:DLG) had its price target hoisted by equities research analysts at Morgan Stanley from GBX 423 ($5.49) to GBX 451 ($5.85) in a report issued on Thursday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 16.75% from the stock’s current price.

A number of other equities analysts have also recently weighed in on DLG. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 395 ($5.13) price target on shares of Direct Line Insurance Group PLC in a research note on Thursday, April 20th. Peel Hunt reaffirmed a “hold” rating and set a GBX 360 ($4.67) price target on shares of Direct Line Insurance Group PLC in a research note on Wednesday, May 3rd. Shore Capital reaffirmed a “sell” rating on shares of Direct Line Insurance Group PLC in a research note on Wednesday, May 3rd. Barclays PLC upped their price target on shares of Direct Line Insurance Group PLC from GBX 337 ($4.37) to GBX 339 ($4.40) and gave the stock an “equal weight” rating in a research note on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on shares of Direct Line Insurance Group PLC from GBX 360 ($4.67) to GBX 370 ($4.80) and gave the stock a “neutral” rating in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Direct Line Insurance Group PLC presently has an average rating of “Hold” and an average target price of GBX 386 ($5.01).

Direct Line Insurance Group PLC (LON DLG) opened at 388.30 on Thursday. Direct Line Insurance Group PLC has a 12-month low of GBX 328.40 and a 12-month high of GBX 411.30. The firm’s 50-day moving average is GBX 376.31 and its 200 day moving average is GBX 356.86. The stock’s market capitalization is GBX 5.30 billion.

ILLEGAL ACTIVITY WARNING: “Morgan Stanley Increases Direct Line Insurance Group PLC (DLG) Price Target to GBX 451” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/17/morgan-stanley-increases-direct-line-insurance-group-plc-dlg-price-target-to-gbx-451.html.

About Direct Line Insurance Group PLC

Direct Line Insurance Group plc is a United Kingdom-based personal and small business general insurer. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. The Company’s operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.

Analyst Recommendations for Direct Line Insurance Group PLC (LON:DLG)

Receive News & Ratings for Direct Line Insurance Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direct Line Insurance Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.