Direct Line Insurance Group plc (OTCMKTS:DIISY – Get Rating) has been assigned a consensus rating of “Hold” by the nine analysts who currently cover the stock, Marketbeat Ratings reports. One analyst rated the stock with a sell recommendation and three gave the company a hold recommendation. The 12-month average target price among analysts who updated their coverage of the stock in the past year is $269.40.
A number of equity analysts have weighed in on DIISY shares. Jefferies Financial Group upgraded Direct Line Insurance Group from a “buy” rating to a “hold” rating in a Monday, July 18, report. Morgan Stanley lowered its price target on Direct Line Insurance Group from GBX 330 ($3.99) to GBX 310 ($3.75) in a Thursday, May 5 report. Berenberg Bank reduced its target price on Direct Line Insurance Group from GBX 277 ($3.35) to GBX 262 ($3.17) in a Tuesday, July 19 research note. UBS Group reduced its price target on Direct Line Insurance Group from 326 GBX ($3.94) to 255 GBX ($3.08) in a Wednesday July 20 research note. Finally, JPMorgan Chase & Co. cut its price target on Direct Line Insurance Group from GBX 240 ($2.90) to GBX 230 ($2.78) in a Wednesday, July 20 research report.
Direct line insurance group stock up 2.1%
OTCMKTS DIISY opened at $10.72 on Friday. Direct Line Insurance Group has a 12 month minimum of $8.98 and a 12 month maximum of $17.50. The company has a 50-day moving average of $11.24 and a 200-day moving average of $13.30.
Direct Line Insurance Group cuts its dividends
The company also recently announced a dividend, which will be paid on Monday, September 26. Shareholders of record on Monday, August 15 will receive a dividend of $0.3212. The ex-dividend date is Friday, August 12. This represents a yield of 9.41%.
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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