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

Shares of Direct Line Insurance Group plc (LON:DLGGet Rating) have been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 335.11 ($4.37).

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 340 ($4.43) price target on shares of Direct Line Insurance Group in a research report on Wednesday, March 9th. Morgan Stanley restated an “equal weight” rating and issued a GBX 330 ($4.30) price target on shares of Direct Line Insurance Group in a research report on Tuesday, April 5th. Barclays cut shares of Direct Line Insurance Group to an “equal weight” rating and decreased their price target for the company from GBX 349 ($4.55) to GBX 323 ($4.21) in a research report on Tuesday, March 29th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 360 ($4.69) price target on shares of Direct Line Insurance Group in a research report on Friday, April 1st. Finally, Berenberg Bank decreased their price target on shares of Direct Line Insurance Group from GBX 307 ($4.00) to GBX 306 ($3.99) and set a “hold” rating for the company in a research report on Wednesday, March 9th.

In related news, insider Neil Manser sold 27,340 shares of the stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of GBX 274 ($3.57), for a total transaction of £74,911.60 ($97,617.41).

DLG stock opened at GBX 259 ($3.38) on Friday. The company has a debt-to-equity ratio of 22.69, a current ratio of 0.55 and a quick ratio of 0.30. Direct Line Insurance Group has a 1 year low of GBX 246.88 ($3.22) and a 1 year high of GBX 319.40 ($4.16). The company has a 50 day simple moving average of GBX 281.14 and a 200 day simple moving average of GBX 283.62. The stock has a market cap of £3.44 billion and a price-to-earnings ratio of 10.75.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 17th. Stockholders of record on Thursday, April 7th will be paid a GBX 15.10 ($0.20) dividend. This is a positive change from Direct Line Insurance Group’s previous dividend of $7.60. This represents a dividend yield of 5.78%. The ex-dividend date is Thursday, April 7th. Direct Line Insurance Group’s dividend payout ratio is currently 0.93%.

About Direct Line Insurance Group (Get Rating)

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company 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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