Company opinion Direct Line Insurance Group plc (LON:DLG – Get Votes) announced earnings on Tuesday, August 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 11th will be given a dividend of GBX 7.60 ($0.09) per share on Friday, September 9th. This represents a yield of 3.67%. The latest date for the share price is Thursday, August 11. The official announcement can be viewed at this link.
Company Opinion Direct Line Insurance Group Stock Performance
Shares of DLG stock opened at GBX 207.65 ($2.54) on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.55 and a debt ratio of 22.69. The business has a 50-day moving average of GBX 238.18 and a 200-day moving average of GBX 262.84. Direct Line Insurance Group has a 52 week low of GBX 184.55 ($2.26) and a 52 week high of GBX 319.40 ($3.91). The company has a market capitalization of £2.72 billion and a P/E ratio of 863.33.
Analyst Upgrades and Downgrades
A number of market analysts have commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 360 ($4.41) target price on shares of Direct Line Insurance Group in a research note on Friday, May 27th. Berenberg Bank upgraded Direct Line Insurance Group to a “buy” rating and set a GBX 277 ($3.39) price objective for the company in a research report on Friday, July 15th. JPMorgan Chase & Co. reduced their price objective on Direct Line Insurance Group from GBX 315 ($3.86) to GBX 240 ($2.94) and set a “neutral” rating for the company in a research report on Friday, July 15th. Jefferies Financial Group downgraded Direct Line Insurance Group to a “hold” rating and decreased their price target for the stock from GBX 330 ($4.04) to GBX 215 ($2.63) in a research report on Monday, July 18th. Finally, Morgan Stanley restated an “equal weight” rating and set a GBX 330 ($4.04) price objective on shares of Direct Line Insurance Group in a research report on Tuesday, April 5. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 298.33 ($3.66).
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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