Direct Line Insurance Group (LON:DLG) PT Lowered to GBX 355 at Deutsche Bank

Direct Line Insurance Group (LON:DLG) had its price objective decreased by Deutsche Bank from GBX 360 ($4.74) to GBX 355 ($4.67) in a research note released on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their price target on Direct Line Insurance Group from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the company an equal weight rating in a report on Friday, February 7th. Barclays increased their price objective on Direct Line Insurance Group from GBX 341 ($4.49) to GBX 342 ($4.50) and gave the stock an equal weight rating in a report on Monday, February 3rd. UBS Group reiterated a neutral rating on shares of Direct Line Insurance Group in a research report on Friday, March 20th. Citigroup raised Direct Line Insurance Group to a buy rating in a research note on Friday, January 10th. Finally, Goldman Sachs Group upped their target price on Direct Line Insurance Group from GBX 290 ($3.81) to GBX 315 ($4.14) and gave the company a neutral rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 345.25 ($4.54).

DLG stock opened at GBX 260.30 ($3.42) on Monday. The firm’s 50-day moving average price is GBX 310.95 and its two-hundred day moving average price is GBX 304.04. Direct Line Insurance Group has a 12-month low of GBX 266.70 ($3.51) and a 12-month high of GBX 366.60 ($4.82). The stock has a market capitalization of $3.34 billion and a price-to-earnings ratio of 8.91. The company has a current ratio of 0.56, a quick ratio of 0.30 and a debt-to-equity ratio of 15.91.

The company also recently disclosed a dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, April 9th will be given a dividend of GBX 14.40 ($0.19) per share. This represents a yield of 4.61%. This is a boost from Direct Line Insurance Group’s previous dividend of $7.20. The ex-dividend date is Thursday, April 9th. Direct Line Insurance Group’s payout ratio is presently 0.75%.

Direct Line Insurance Group Company Profile

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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