Goldman Sachs Group, Inc. (The) Reaffirms “Neutral” Rating for Direct Line Insurance Group PLC (LON:DLG)

Direct Line Insurance Group PLC (LON:DLG)‘s stock had its “neutral” rating reiterated by analysts at Goldman Sachs Group, Inc. (The) in a report issued on Tuesday, July 4th, Marketbeat reports. They currently have a GBX 370 ($4.82) target price on the stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential downside of 0.32% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Deutsche Bank AG cut their target price on Direct Line Insurance Group PLC from GBX 395 ($5.15) to GBX 375 ($4.89) and set a “buy” rating on the stock in a research note on Friday, March 24th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 372 ($4.85) target price on shares of Direct Line Insurance Group PLC in a research note on Tuesday, June 13th. Barclays PLC boosted their price target on Direct Line Insurance Group PLC from GBX 337 ($4.39) to GBX 339 ($4.42) and gave the stock an “equal weight” rating in a research note on Thursday, May 4th. Peel Hunt restated a “hold” rating and set a GBX 360 ($4.69) price target on shares of Direct Line Insurance Group PLC in a research note on Wednesday, May 3rd. Finally, Macquarie upgraded Direct Line Insurance Group PLC to a “neutral” rating and set a GBX 305 ($3.97) price target on the stock in a research note on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 380.33 ($4.95).

Shares of Direct Line Insurance Group PLC (DLG) traded down 0.78% during trading on Tuesday, reaching GBX 371.20. 2,622,718 shares of the company traded hands. The stock’s market capitalization is GBX 5.07 billion. Direct Line Insurance Group PLC has a 12-month low of GBX 316.30 and a 12-month high of GBX 400.70. The firm’s 50-day moving average is GBX 363.42 and its 200-day moving average is GBX 352.37.

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In other news, insider Mike Holliday-Williams sold 26,212 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of GBX 358 ($4.66), for a total transaction of £93,838.96 ($122,249.82). Over the last ninety days, insiders have bought 126 shares of company stock valued at $45,085.

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.

Analyst Recommendations for Direct Line Insurance Group PLC (LON:DLG)

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