Direct Line Insurance Group (DLG) Receives “Buy” Rating from Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Direct Line Insurance Group (LON:DLG) in a research report report published on Monday morning.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reaffirmed an overweight rating and issued a GBX 449 ($6.20) price target on shares of Direct Line Insurance Group in a report on Monday, January 29th. Numis Securities reaffirmed an add rating and issued a GBX 455 ($6.29) price target on shares of Direct Line Insurance Group in a report on Thursday, February 1st. reaffirmed a buy rating on shares of Direct Line Insurance Group in a report on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Direct Line Insurance Group in a report on Thursday, November 16th. Finally, Barclays increased their price target on Direct Line Insurance Group from GBX 358 ($4.95) to GBX 384 ($5.31) and gave the company an equal weight rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 416 ($5.75).

Shares of Direct Line Insurance Group (DLG) opened at GBX 385.70 ($5.33) on Monday. Direct Line Insurance Group has a fifty-two week low of GBX 328.40 ($4.54) and a fifty-two week high of GBX 411.30 ($5.68). The company has a market capitalization of $5,300.00 and a P/E ratio of 1,607.08.

In other Direct Line Insurance Group news, insider Danuta Gray acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of GBX 359 ($4.96) per share, for a total transaction of £35,900 ($49,599.34). Also, insider Penny James acquired 135,983 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average price of GBX 368 ($5.08) per share, with a total value of £500,417.44 ($691,375.30). Insiders purchased 146,106 shares of company stock valued at $53,676,926 over the last quarter.

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Direct Line Insurance Group Company Profile

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.

Analyst Recommendations for Direct Line Insurance Group (LON:DLG)

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