Credit Suisse Group reiterated their outperform rating on shares of Direct Line Insurance Group (LON:DLG) in a research report released on Monday, February 26th. They currently have a GBX 445 ($6.15) price target on the stock.
A number of other research analysts have also issued reports on DLG. Deutsche Bank reissued a buy rating and issued a GBX 440 ($6.08) target price on shares of Direct Line Insurance Group in a report on Wednesday, November 8th. Numis Securities reissued an add rating and issued a GBX 455 ($6.29) target price on shares of Direct Line Insurance Group in a report on Thursday, February 1st. Barclays raised Direct Line Insurance Group to an overweight rating and boosted their target price for the company from GBX 384 ($5.31) to GBX 413 ($5.71) in a report on Tuesday, February 6th. Berenberg Bank dropped their target price on Direct Line Insurance Group from GBX 390 ($5.39) to GBX 378 ($5.22) and set a hold rating on the stock in a report on Wednesday, February 14th. Finally, HSBC reissued a buy rating and issued a GBX 440 ($6.08) target price on shares of Direct Line Insurance Group in a report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 413 ($5.71).
Shares of Direct Line Insurance Group (LON DLG) traded up GBX 1 ($0.01) during midday trading on Monday, reaching GBX 384.30 ($5.31). The company’s stock had a trading volume of 4,250,000 shares, compared to its average volume of 5,700,000. Direct Line Insurance Group has a one year low of GBX 332.28 ($4.59) and a one year high of GBX 411.30 ($5.68). The stock has a market capitalization of $5,280.00 and a PE ratio of 1,239.68.
In other Direct Line Insurance Group news, insider Penny James acquired 135,983 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of GBX 368 ($5.08) per share, with a total value of £500,417.44 ($691,375.30). Insiders have purchased 136,102 shares of company stock worth $50,086,719 in the last ninety days.
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About Direct Line Insurance Group
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 Group and the receipt and payment of dividends. The Company’s operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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