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Direct Line Insurance Group plc (LON:DLG) Receives Average Recommendation of “Hold” from Analysts

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Direct Line Insurance Group plc (LON:DLG – Get Rating) has earned an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 253.38 ($3.09).

DLG has been the subject of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a GBX 278 ($3.39) price objective on shares of Direct Line Insurance Group in a report on Wednesday, November 9th. JPMorgan Chase & Co. dropped their price objective on shares of Direct Line Insurance Group from GBX 230 ($2.80) to GBX 220 ($2.68) and set a “neutral” rating for the company in a report on Wednesday, November 9th. Royal Bank of Canada decreased their price target on shares of Direct Line Insurance Group from GBX 270 ($3.29) to GBX 260 ($3.17) and set an “outperform” rating on the stock in a research note on Wednesday, November 16th. Berenberg Bank decreased their price target on shares of Direct Line Insurance Group from GBX 266 ($3.24) to GBX 259 ($3.16) and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Direct Line Insurance Group from GBX 230 ($2.80) to GBX 225 ($2.74) and set a “hold” rating on the stock in a research note on Wednesday, November 9th.

Direct Line Insurance Group Stock Performance

LON:DLG opened at GBX 175.95 ($2.14) on Friday. Direct Line Insurance Group has a 12-month low of GBX 161.95 ($1.97) and a 12-month high of GBX 313.70 ($3.82). The company has a quick ratio of 0.28, a current ratio of 0.53 and a debt-to-equity ratio of 16.65. The firm has a market capitalization of £2.31 billion and a PE ratio of 879.75. The firm has a 50-day moving average price of GBX 212.90 and a 200 day moving average price of GBX 209.64.

Insider Buying and Selling

In other Direct Line Insurance Group news, insider Penny James sold 218,040 shares of Direct Line Insurance Group stock in a transaction on Monday, November 28th. The shares were sold at an average price of GBX 222 ($2.70), for a total value of £484,048.80 ($589,728.07).

Direct Line Insurance Group Company Profile

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Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.

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Analyst Recommendations for Direct Line Insurance Group (LON:DLG)

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