Direct Line Downgraded by Numis Securities Ltd to “Add” (DLG)

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Numis Securities Ltd cut shares of Direct Line (LON:DLG) to an add rating in a report issued on Wednesday morning, American Banking News.com reports. They currently have GBX 300 ($4.92) target price on the stock, up from their previous target price of GBX 265 ($4.35).

A number of other firms have also recently commented on DLG. Analysts at HSBC reiterated a neutral rating on shares of Direct Line in a research note to investors on Tuesday. They now have a GBX 260 ($4.27) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Direct Line from GBX 240 ($3.94) to GBX 275 ($4.51) in a research note to investors on Monday. They now have a buy rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Direct Line to a neutral rating in a research note to investors on Wednesday, January 15th. They now have a GBX 255 ($4.19) price target on the stock, up previously from GBX 250 ($4.10). Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Direct Line currently has an average rating of Hold and a consensus target price of GBX 240.79 ($3.95).

Direct Line (LON:DLG) traded down 0.64% on Wednesday, hitting GBX 265.50. 2,494,608 shares of the company’s stock traded hands. Direct Line has a 1-year low of GBX 194.69 and a 1-year high of GBX 269.00. The stock’s 50-day moving average is GBX 243.0 and its 200-day moving average is GBX 227.2.

Direct Line Insurance Group plc, formerly RBS Insurance Group Limited, is a retail general insurer with operations in the United Kingdom, Italy and Germany.

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