Direct Line Insurance Group plc (LON:DLG – Get Rating) has been given an average rating of “moderate buy” by the eleven brokerages that currently cover the stock, Marketbeat.com reports. Five investment analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is 302.50 GBX ($3.62).
A number of stock analysts have weighed in on DLG shares. Barclays reaffirmed an “equal weight” rating and published a target price of 323 GBX ($3.86) on shares of Direct Line Insurance Group in a research note on Tuesday July 19. Jefferies Financial Group downgraded shares of Direct Line Insurance Group to a “hold” rating and lowered its target price for the stock from GBX 330 ($3.95) to GBX 215 ($2.57) in a rating of research from Monday, July 18. Morgan Stanley reaffirmed an “equal weight” rating and issued a target price of GBX 330 ($3.95) on Direct Line Insurance Group shares in a research note on Tuesday, April 5. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 360 ($4.30) target price on shares of Direct Line Insurance Group in a research note on Friday, May 27. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Direct Line Insurance Group shares from 300 GBX ($3.59) to 290 GBX ($3.47) and set a “hold” rating for the company. in a Friday July 15 research note.
The direct line insurance group grew by 0.3%
Shares of LON DLG opened at 201.60 GBX ($2.41) on Friday. Direct Line Insurance Group has a 1-year minimum of 184.55 GBX ($2.21) and a 1-year maximum of 319.40 GBX ($3.82). The company has a market capitalization of £2.64 billion and a PE ratio of 840.00. The company has a current ratio of 0.55, a quick ratio of 0.30 and a debt ratio of 22.69. The company has a 50-day moving average of 244.16 GBX and a two-hundred-day moving average of 267.02 GBX.
Direct Line Insurance Group Company Profile
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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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