The Direct Line share price increased by seven percent on its market debut to reach a price of 188p share – up from 175p. The increase in share price immediately left investors with a 7 percent ‘profit’ on day one.
However, despite a reported high degree of interest from private investors, analysts remain largely sceptical on the shares.
Many are conservative on the long-term prospectives for the company and its potential return for investors.
The long-term performance will be more telling!
Interesting, I didn’t invest as I was very sceptical about it all!