Direct Line Insurance Group PLC (LON:DLG) Given Average Recommendation of “Hold” by Analysts
Shares of Direct Line Insurance Group PLC (LON:DLG) have received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 391 ($5.10).
DLG has been the subject of a number of recent research reports. Peel Hunt increased their target price on Direct Line Insurance Group PLC from GBX 336 ($4.39) to GBX 370 ($4.83) and gave the stock a “hold” rating in a report on Tuesday, June 7th. Berenberg Bank raised Direct Line Insurance Group PLC to a “buy” rating and set a GBX 414 ($5.40) target price for the company in a report on Thursday, June 9th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 385 ($5.03) target price on shares of Direct Line Insurance Group PLC in a report on Wednesday, June 15th. Canaccord Genuity dropped their target price on Direct Line Insurance Group PLC from GBX 410 ($5.35) to GBX 380 ($4.96) and set a “buy” rating for the company in a report on Monday, June 27th. Finally, Deutsche Bank AG dropped their target price on Direct Line Insurance Group PLC from GBX 450 ($5.87) to GBX 385 ($5.03) and set a “buy” rating for the company in a report on Wednesday, June 29th.
Direct Line Insurance Group PLC (LON:DLG) traded down 1.45% during mid-day trading on Wednesday, hitting GBX 367.40. The stock had a trading volume of 4,344,898 shares. The stock has a 50 day moving average of GBX 372.15 and a 200-day moving average of GBX 364.51. Direct Line Insurance Group PLC has a 1-year low of GBX 323.00 and a 1-year high of GBX 418.90. The firm’s market cap is GBX 5.03 billion.
The business also recently declared a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 11th were paid a GBX 14.90 ($0.19) dividend. This represents a dividend yield of 3.73%. The ex-dividend date was Thursday, August 11th.
About Direct Line Insurance Group PLC
Direct Line Insurance Group plc is a United Kingdom-based personal and small business general insurer. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Company, and the receipt and payment of dividends. Its operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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