Direct Line Insurance Group plc (LON:DLG – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 182.86 ($2.30) and traded as high as GBX 192.75 ($2.42). Direct Line Insurance Group shares last traded at GBX 188.70 ($2.37), with a volume of 2,368,729 shares traded.
Analysts Set New Price Targets
A number of research analysts recently commented on DLG shares. Berenberg Bank increased their target price on Direct Line Insurance Group from GBX 195 ($2.45) to GBX 220 ($2.76) and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Barclays upgraded Direct Line Insurance Group to an “equal weight” rating and boosted their target price for the stock from GBX 188 ($2.36) to GBX 219 ($2.75) in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 212.50 ($2.67).
Read Our Latest Stock Report on Direct Line Insurance Group
Direct Line Insurance Group Trading Down 2.6 %
Direct Line Insurance Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.89%. Direct Line Insurance Group’s payout ratio is 5,000.00%.
Direct Line Insurance Group Company Profile
Direct Line Insurance Group plc engages in the provision of 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, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as commercial insurance for small and medium-sized enterprises.
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