Direct Line Insurance Group (LON:DLG – Get Rating)‘s stock had its “equal weight” rating reaffirmed by Barclays in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 292 ($3.58) price objective on the stock. Barclays‘s price target points to a potential upside of 42.79% from the stock’s current price.
Several other equities analysts also recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 360 ($4.41) price target on shares of Direct Line Insurance Group in a report on Friday, May 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 240 ($2.94) price target on shares of Direct Line Insurance Group in a research report on Wednesday. Berenberg Bank boosted their price objective on shares of Direct Line Insurance Group from GBX 262 ($3.21) to GBX 266 ($3.26) and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of 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 note on Friday, July 15th. Finally, Jefferies Financial Group lowered shares of Direct Line Insurance Group to a “hold” rating and lowered their target price for the company from GBX 330 ($4.04) to GBX 215 ($2.63) in a research note on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Direct Line Insurance Group has an average rating of “Moderate Buy” and a consensus target price of GBX 282.30 ($3.46).
Direct Line Insurance Group Stock Performance
DLG opened at GBX 204.50 ($2.51) on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.30 and a debt-to-equity ratio of 22.69. The company has a market cap of £2.68 billion and a price-to-earnings ratio of 852.08. The company’s 50 day moving average is GBX 235.25 and its 200 day moving average is GBX 261.29. Direct Line Insurance Group has a 12-month low of GBX 184.55 ($2.26) and a 12-month high of GBX 318.80 ($3.91).
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It 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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