HSBC reaffirmed their reduce rating on shares of Direct Line Insurance Group PLC (LON:DLG) in a research note published on Friday morning.

DLG has been the subject of several other research reports. Peel Hunt reiterated a hold rating and issued a GBX 370 ($4.62) price objective on shares of Direct Line Insurance Group PLC in a research note on Tuesday, October 11th. Beaufort Securities restated a hold rating on shares of Direct Line Insurance Group PLC in a research note on Wednesday, August 3rd. Barclays PLC decreased their target price on Direct Line Insurance Group PLC from GBX 364 ($4.55) to GBX 360 ($4.50) and set an equal weight rating for the company in a research note on Thursday, July 21st. Macquarie boosted their target price on Direct Line Insurance Group PLC from GBX 335 ($4.19) to GBX 406 ($5.07) and gave the stock a hold rating in a research note on Tuesday, October 18th. Finally, Morgan Stanley boosted their target price on Direct Line Insurance Group PLC from GBX 409 ($5.11) to GBX 443 ($5.53) and gave the stock an equal weight rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 390.33 ($4.88).

Shares of Direct Line Insurance Group PLC (LON:DLG) traded down 2.08% during midday trading on Friday, hitting GBX 347.90. 1,979,193 shares of the stock were exchanged. The company’s market cap is GBX 4.76 billion. The firm has a 50 day moving average of GBX 355.46 and a 200-day moving average of GBX 362.53. Direct Line Insurance Group PLC has a one year low of GBX 323.00 and a one year high of GBX 418.90.

About Direct Line Insurance Group PLC

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 Company, and the receipt and payment of dividends. Its operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.

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