Direct Line Insurance Group PLC (LON:DLG) had its price objective increased by Goldman Sachs Group, Inc. (The) from GBX 360 ($4.55) to GBX 370 ($4.68) in a report released on Monday, May 15th, StockTargetPrices.com reports. They currently have a neutral rating on the stock.
Several other brokerages also recently issued reports on DLG. Deutsche Bank AG reiterated a buy rating on shares of Direct Line Insurance Group PLC in a report on Wednesday, March 8th. Peel Hunt reiterated a hold rating and issued a GBX 370 ($4.68) price target on shares of Direct Line Insurance Group PLC in a report on Monday, January 23rd. Credit Suisse Group began coverage on Direct Line Insurance Group PLC in a research note on Thursday, January 26th. They set a neutral rating and a GBX 370 ($4.68) target price for the company. J P Morgan Chase & Co upgraded Direct Line Insurance Group PLC to an overweight rating and lowered their target price for the company from GBX 410 ($5.19) to GBX 395 ($5.00) in a research note on Friday, March 31st. Finally, Barclays PLC lowered their target price on Direct Line Insurance Group PLC from GBX 337 ($4.26) to GBX 331 ($4.19) and set an equal weight rating for the company in a research note on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 375.62 ($4.75).
Shares of Direct Line Insurance Group PLC (DLG) traded up 2.61% during midday trading on Monday, hitting GBX 370.00. The stock had a trading volume of 13,480,618 shares. The stock has a 50-day moving average price of GBX 351.87 and a 200-day moving average price of GBX 351.37. Direct Line Insurance Group PLC has a 12-month low of GBX 323.00 and a 12-month high of GBX 400.70. The stock’s market cap is GBX 5.05 billion.
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In other Direct Line Insurance Group PLC news, insider Mike Holliday-Williams sold 26,212 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of GBX 358 ($4.53), for a total value of £93,838.96 ($118,708.36). Insiders acquired 132 shares of company stock worth $45,265 in the last three months.
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.
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