RBC has an “outperform” rating on the newly-listed insurer with a price target of 230p. The broker sees Direct Line as well placed to use its scale to fend off price comparison sites.
Morgan Stanley has upgraded the property firm’s rating to “overweight” and hiked its target from 540p to 570p. It sees the scales tipping towards better yields for the firm’s assets.
Peel Hunt maintains the publishing group’s target price of 150p but raises its target from “hold” to “buy” after the shares traced back. The broker has calculated a sum of the parts value of 180p.