Berenberg Bank analyst Thomas Bateman maintained a Hold rating on Direct Line Insurance (DLG - Research Report) yesterday and set a price target of p270.00. The company's shares closed yesterday at p277.60.
Currently, the analyst consensus on Direct Line Insurance is a Hold with an average price target of p277.00, a -0.22% downside from current levels. In a report released yesterday, CFRA also downgraded the stock to a Hold with a £2.90 price target.
Based on Direct Line Insurance's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p1.69 billion and a net profit of p44.4 million. In comparison, last year the company earned a revenue of p1.71 billion and had a GAAP net loss of p60.2 million