Direct Line Insurance Group plc ( LON:DLG – Get Rating ) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 282.30 ($3.41).
A number of equities analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating and set a GBX 292 ($3.53) target price on shares of Direct Line Insurance Group in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 240 ($2.90) price objective on shares of Direct Line Insurance Group in a report on Wednesday, August 3rd. Berenberg Bank boosted their price objective on shares of Direct Line Insurance Group from GBX 262 ($3.17) to GBX 266 ($3.21) and gave the stock a “buy” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 230 ($2.78) price objective on shares of Direct Line Insurance Group in a report on Wednesday, August 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 360 ($4.35) price objective on shares of Direct Line Insurance Group in a report on Friday, May 27th.
Direct Line Insurance Group Price Performance
Shares of LON:DLG opened at GBX 217 ($2.62) on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.53, and a debt-to-equity ratio of 16.65. The firm has a market capitalization of £2.85 billion and a PE ratio of 1,083.00. Direct Line Insurance Group has a twelve month low of GBX 184.55 ($2.23) and a twelve month high of GBX 318 ($3.84). The company has a 50-day moving average price of GBX 228.19 and a 200-day moving average price of GBX 255.90.
Direct Line Insurance Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, September 9th. Investors of record on Thursday, August 11th will be paid a dividend of GBX 7.60 ($0.09). This represents a yield of 3.67%. The ex-dividend date is Thursday, August 11th. Direct Line Insurance Group’s dividend payout ratio is currently 113.50%.
Insider Activity at Direct Line Insurance Group
In other news, insider Neil Manser sold 48,462 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of GBX 208 ($2.51), for a total value of £100,800.96 ($121,799.13).
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, lifeline and other personal, and commercial segments. It offers motor, home, salvage, travel, creditor and pet insurance products, as well as insurance for mid and high net worth clients; and commercial insurance for small and medium enterprises.
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