A number of equities research analysts have recently weighed in on the company. Berenberg Bank cut their price target on Direct Line Insurance Group from GBX 266 ($3.23) to GBX 259 ($3.15) and set a “buy” rating on the stock in a report on Wednesday, November 9th. Royal Bank of Canada cut their price target on Direct Line Insurance Group from GBX 270 ($3.28) to GBX 260 ($3.16) and set an “outperform” rating on the stock in a report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft cut their price target on Direct Line Insurance Group from GBX 230 ($2.79) to GBX 225 ($2.73) and set a “hold” rating on the stock in a report on Wednesday, November 9th. Barclays reaffirmed an “equal weight” rating and set a GBX 278 ($3.38) price target on shares of Direct Line Insurance Group in a report on Wednesday, November 9th. Finally, JPMorgan Chase & Co. cut their price target on Direct Line Insurance Group from GBX 230 ($2.79) to GBX 220 ($2.67) and set a “neutral” rating on the stock in a report on Wednesday, November 9th.
Insiders Place Their Bets
In other Direct Line Insurance Group news, insider Penny James sold 218,040 shares of Direct Line Insurance Group stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of GBX 222 ($2.70), for a total transaction of £484,048.80 ($588,008.75).
Direct Line Insurance Group Stock Performance
Shares of DLG stock opened at GBX 215.70 ($2.62) on Wednesday. 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 business has a 50 day moving average of GBX 205.77 and a two-hundred day moving average of GBX 213.80. Direct Line Insurance Group has a 52 week low of GBX 171.70 ($2.09) and a 52 week high of GBX 313.70 ($3.81). The company has a market cap of £2.83 billion and a P/E ratio of 1,078.50.
About Direct Line Insurance Group
(Get Rating)
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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