Direct Line Insurance Group (LON:DLG) Downgrade of Rating
HSBC cut the shares of Direct Line Insurance Group (LON:DLG) to “Reduce” rating in analysts report revealed to clients on 1 April. The company after the upgrade has GBX 350.00 target on Direct Line Insurance Group (LON:DLG).
The stock rating downgrade was noticed by equity trades, as LON:DLG is now trading -1.65% lower at GBX 364.10 as of 21:30 London time. Direct Line Insurance Group shares have declined -0.65% in the last 200 days, while the S&P 500 has declined -1.12% in the same time period.
Out of 16 brokers covering Direct Line Insurance Group, 6 rate it a Buy, 10 indicate a Hold while 1 suggest a Sell. The highest target is GBX 450 and the lowest is GBX 335 according to Thomson/First Call. The 12-month mean target is GBX 399.88, which means upside potential of 9.83% over the current price.
LON:DLG Price Chart & Trend
The stock price of Direct Line Insurance Group declined 0.65% over the last 200 days, and is in shaky down trend. In the last 50 and 100 days, Direct Line Insurance Group is up 1.25% and down 7.68%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Direct Line Insurance Group (LON:DLG) Profile
Direct Line Insurance Group plc is a United Kingdom-based personal motor and home 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.
Direct Line Insurance Group (LON:DLG) traded down -1.65% on 1 April, hitting GBX 364.1. A total of 4.15 million shares of the company’s stock traded hands. This is down from average of 4.42 million shares. Direct Line Insurance Group has a 52 week low of GBX 312.20 and a 52 week high of GBX 418.9. The company has a market cap of 5.01 billion GBX and a P/E ratio of 13.05.
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