Direct Line Insurance Group (OTCMKTS:DIISY) Price Target Cut to GBX 180

Direct Line Insurance Group (OTCMKTS:DIISY – Get Rating) had its price objective reduced by equities researchers at Royal Bank of Canada from GBX 190 ($2.32) to GBX 180 ($2.19) in a note issued to investors on Wednesday, The Fly reports.

Several other research analysts also recently commented on the stock. UBS Group decreased their price target on shares of Direct Line Insurance Group from GBX 194 ($2.36) to GBX 190 ($2.32) in a research note on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Direct Line Insurance Group from GBX 225 ($2.74) to GBX 170 ($2.07) in a research note on Thursday, January 12th. Barclays downgraded shares of Direct Line Insurance Group from an “equal weight” rating to an “underweight” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Direct Line Insurance Group from GBX 220 ($2.68) to GBX 185 ($2.25) in a research note on Thursday, January 12th. Finally, Citigroup downgraded shares of Direct Line Insurance Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Direct Line Insurance Group presently has an average rating of “Hold” and an average price target of $193.43.

Direct Line Insurance Group Price Performance

DIISY stock opened at $7.59 on Wednesday. Direct Line Insurance Group has a one year low of $7.32 and a one year high of $15.25. The company’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $9.35.

Direct Line Insurance Group Company Profile

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Direct Line Insurance Group Plc engages in the provision of general insurance services. It operates through the following business segments: Motor, Home, Rescue and Other Personal Lines and Commercial. The Motor segment consists of personal motor insurance cover together with the associated legal expenses business.