Shore Capital Reiterates “Buy” Rating for Direct Line Insurance Group (LON:DLG)

Shore Capital reaffirmed their buy rating on shares of Direct Line Insurance Group (LON:DLG) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently weighed in on the stock. Canaccord Genuity reaffirmed a sell rating and set a GBX 280 ($3.66) price target on shares of Direct Line Insurance Group in a research note on Monday, August 5th. Morgan Stanley reaffirmed an overweight rating on shares of Direct Line Insurance Group in a research note on Wednesday, June 19th. Berenberg Bank decreased their price target on shares of Direct Line Insurance Group from GBX 344 ($4.49) to GBX 331 ($4.33) and set a hold rating for the company in a research note on Thursday, August 29th. UBS Group reaffirmed a buy rating on shares of Direct Line Insurance Group in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a neutral rating for the company in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 354 ($4.63).

Shares of LON DLG opened at GBX 305.40 ($3.99) on Monday. The company has a debt-to-equity ratio of 16.68, a current ratio of 0.55 and a quick ratio of 0.34. The company has a market cap of $4.20 billion and a P/E ratio of 9.79. Direct Line Insurance Group has a 1 year low of GBX 278.80 ($3.64) and a 1 year high of GBX 366.60 ($4.79). The firm has a 50-day simple moving average of GBX 299.84 and a two-hundred day simple moving average of GBX 327.59.

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 8th were paid a dividend of GBX 7.20 ($0.09) per share. This represents a dividend yield of 2.27%. The ex-dividend date was Thursday, August 8th. Direct Line Insurance Group’s dividend payout ratio is presently 0.67%.

About Direct Line Insurance Group

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance for small and medium-sized enterprises.

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

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