Today’s Rating On Watch: Macquarie Analyst Reaffirmed GBX 345.00 Price Target on Direct Line Insurance Group PLC (LON:DLG) stock, While Reiterating “Neutral” Rating

November 30, 2016 - By Marie Mckinney

Direct Line Insurance Group PLC (LON:DLG) Rating

Stock research analysts at Macquarie have GBX 345.00 target on Direct Line Insurance Group PLC (LON:DLG). Macquarie’s target indicates a potential downside of -2.25% from the company’s previous close. The rating was revealed in an analyst note on 30 November.

Direct Line Insurance Group PLC (LON:DLG) Ratings Coverage

Out of 14 analysts covering Direct Line Insurance Group PLC (LON:DLG), 3 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 21% are positive. GBX 450 is the highest target while GBX 297 is the lowest. The GBX 385.92 average target is 9.54% above today’s (GBX 352.3) stock price. Direct Line Insurance Group PLC has been the topic of 96 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Tuesday, March 15, the company rating was maintained by Peel Hunt. The stock of Direct Line Insurance Group PLC (LON:DLG) has “Hold” rating given on Thursday, August 4 by Berenberg. Shore Capital maintained the shares of DLG in a report on Wednesday, January 27 with “Sell” rating. Nomura maintained the stock with “Neutral” rating in Monday, February 29 report. The firm has “Buy” rating given on Tuesday, November 3 by Peel Hunt. The firm has “Overweight” rating by Barclays Capital given on Wednesday, February 17. JP Morgan maintained Direct Line Insurance Group PLC (LON:DLG) on Wednesday, August 3 with “Neutral” rating. The rating was maintained by HSBC with “Reduce” on Thursday, September 8. The firm has “Hold” rating by Peel Hunt given on Monday, July 11. The stock of Direct Line Insurance Group PLC (LON:DLG) has “Buy” rating given on Thursday, July 7 by Berenberg.

About 293,169 shares traded hands. Direct Line Insurance Group PLC (LON:DLG) has declined 2.71% since May 2, 2016 and is downtrending. It has underperformed by 7.93% the S&P500.

Direct Line Insurance Group plc is a United Kingdom personal and small business general insurer. The company has a market cap of 4.84 billion GBP. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Company, and the receipt and payment of dividends. It has a 13.01 P/E ratio. The Company’s operating divisions include Motor, Home, Rescue and other personal lines, Commercial and Run-off.

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