Company opinion Direct Line Insurance Group plc Get Votes) has been assigned a “Moderate Buy” rating from the eleven analysts that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 282.30 ($3.41).
Several equities research analysts have weighed in on the stock. Barclays restated an “equal weight” rating and set a GBX 292 ($3.53) price target on shares of Direct Line Insurance Group in a research report on Wednesday, August 3. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 240 ($2.90) price target on shares of Direct Line. Insurance Group in a report on Wednesday, August 3. Berenberg Bank upped their target price on shares of Direct Line Insurance Group from GBX 262 ($3.17) to GBX 266 ($3.21) and gave the stock a “buy” rating in a report on Wednesday, August 3. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 230 ($2.78) target price on shares of Direct Line Insurance Group in a report on Wednesday, August 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 360 ($4.35) target price on shares of Direct Line Insurance Group in a report on Friday, May 27th.
Direct Line Insurance Group Price Performance
Shares of LON:DLG opened at GBX 217 ($2.62) on Thursday. 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 $2.85 billion and a PE ratio of 1,083.00. Direct Line Insurance Group has a twelve month low of GBX 184.55 ($2.23) and a twelve month high of GBX 318 ($3.84). The company has a 50-day moving average of GBX 228.19 and a 200-day moving average of GBX 255.90.
Direct Line Insurance Group Cuts Dividend
The business also announced a dividend, which will be paid on Friday, September 9. Investors of record on Thursday, August 11th will be paid a dividend of GBX 7.60 ($0.09). This represents a yield of 3.67%. The previous payment date is Thursday, August 11. The company Direct Line Insurance Group Limited offered a dividend of 113.50 %.
Insider Activity at Direct Line Insurance Group
In other news, insider Neil Manser sold 48,462 shares of the business’s stock in a transaction that occurred on Monday, August 8. The shares sold at an average price of GBX 208 ($2.51), for a total value of $100,800.96 ($121,799.13).
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers auto, home, salvage, travel, renter, and pet insurance, as well as insurance for mid- to high-end customers; and commercial insurance for small and medium businesses.
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