Direct Line Insurance Group PLC (DLG) Price Target Raised to GBX 440 at HSBC Holdings plc

Direct Line Insurance Group PLC (LON:DLG) had its price objective increased by HSBC Holdings plc from GBX 372 ($4.84) to GBX 440 ($5.73) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. HSBC Holdings plc’s price target would suggest a potential upside of 8.21% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Deutsche Bank AG upped their price target on Direct Line Insurance Group PLC from GBX 375 ($4.88) to GBX 390 ($5.08) and gave the company a “buy” rating in a research report on Friday, June 23rd. Barclays PLC reissued an “equal weight” rating and set a GBX 337 ($4.39) price target on shares of Direct Line Insurance Group PLC in a research report on Tuesday, April 18th. Peel Hunt reissued a “hold” rating and set a GBX 360 ($4.69) price target on shares of Direct Line Insurance Group PLC in a research report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 370 ($4.82) price objective on shares of Direct Line Insurance Group PLC in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 384.69 ($5.01).

Direct Line Insurance Group PLC (LON DLG) opened at 406.60 on Thursday. The stock’s 50 day moving average is GBX 371.86 and its 200-day moving average is GBX 355.26. Direct Line Insurance Group PLC has a 12 month low of GBX 316.30 and a 12 month high of GBX 411.30. The stock’s market capitalization is GBX 5.55 billion.

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Direct Line Insurance Group PLC Company Profile

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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