Direct Line Insurance Group plc (LON: DLG – Get a rating) earned an average rating of “Hold” from the eight analysts currently covering the company, Market Beat Ratings reports. Five research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The average 1-year target price among brokerages that have hedged the stock over the past year is 253.38 GBX ($3.09).
DLG has been the subject of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a price target of 278 GBX ($3.39) on shares of Direct Line Insurance Group in a Wednesday, November 9 report. JPMorgan Chase & Co. lowered its price target on Direct Line Insurance Group shares from GBX 230 ($2.80) to GBX 220 ($2.68) and set a “neutral” rating for the company in a report of Wednesday 9 November. Royal Bank of Canada lowered its price target on Direct Line Insurance Group shares from GBX 270 ($3.29) to GBX 260 ($3.17) and set an “outperform” rating on the stock in a research note from Wednesday, November 16. Berenberg Bank lowered its price target on Direct Line Insurance Group shares from GBX 266 ($3.24) to GBX 259 ($3.16) and set a “buy” rating on the stock in a note research on Wednesday, November 9. Finally, Deutsche Bank Aktiengesellschaft reduced its price target on Direct Line Insurance Group shares from 230 GBX ($2.80) to 225 GBX ($2.74) and set a “hold” rating on the action in a research note of Wednesday, November 9.
Performance of Direct Line Insurance group shares
LON: DLG opened at 175.95 GBX ($2.14) on Friday. Direct Line Insurance Group has a 12-month low of 161.95 GBX ($1.97) and a 12-month high of 313.70 GBX ($3.82). The company has a quick ratio of 0.28, a current ratio of 0.53 and a debt ratio of 16.65. The company has a market capitalization of £2.31 billion and a PE ratio of 879.75. The company has a 50-day rolling average price of 212.90 GBX and a 200-day rolling average price of 209.64 GBX.
Insider buying and selling
In other Direct Line Insurance Group news, insider Penny James sold 218,040 shares of Direct Line Insurance Group in a trade on Monday, November 28. The shares were sold at an average price of 222 GBX ($2.70), for a total value of £484,048.80 ($589,728.07).
Direct Line Insurance Group Company Profile
Direct Line Insurance Group plc provides general insurance products and services in the UK. The Company operates through the Automotive, Home, Rescue and Other Personal Lines, and Commercial segments. It offers auto, home, salvage, travel, credit and pet insurance products, as well as insurance for mid-to-high net worth clients; and commercial insurance for small and medium enterprises.
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