Direct Line Insurance Group (LON:DLG) Rating Reiterated by JPMorgan Chase & Co.

Direct Line Insurance Group (LON:DLG – Get Rating)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a GBX 230 ($2.82) target price on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.47% from the company’s current price.

Several other brokerages have also recently commented on DLG. Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 330 ($4.04) target price on shares of Direct Line Insurance Group in a report on Tuesday, April 5th. Berenberg Bank raised their target price on shares of Direct Line Insurance Group from GBX 262 ($3.21) to GBX 266 ($3.26) and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group lowered shares of Direct Line Insurance Group to a “hold” rating and cut their price target for the stock from GBX 330 ($4.04) to GBX 215 ($2.63) in a report on Monday, July 18th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 360 ($4.41) target price on shares of Direct Line Insurance Group in a report on Friday, May 27th. Finally, Barclays restated an “equal weight” rating and issued a GBX 292 ($3.58) target price on shares of Direct Line Insurance Group in a report on Wednesday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Direct Line Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 282.30 ($3.46).

Direct Line Insurance Group Stock Up 1.3 %

Direct Line Insurance Group stock opened at GBX 204.50 ($2.51) on Wednesday. The stock has a market cap of £2.68 billion and a P/E ratio of 852.08. The company has a quick ratio of 0.30, a current ratio of 0.55 and a debt-to-equity ratio of 22.69. Direct Line Insurance Group has a twelve month low of GBX 184.55 ($2.26) and a twelve month high of GBX 318.80 ($3.91). The company’s 50-day moving average price is GBX 235.25 and its two-hundred day moving average price is GBX 261.29.

About Direct Line Insurance Group

(Get Rating)

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

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