Direct Line Insurance Group (LON:DLG – Get Rating)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 292 ($3.58) price objective on the stock. Barclays‘s price objective points to a potential upside of 42.79% from the stock’s current price.
DLG has been the subject of a number of other research reports. Jefferies Financial Group cut Direct Line Insurance Group to a “hold” rating and reduced their price objective for the company from GBX 330 ($4.04) to GBX 215 ($2.63) in a research report on Monday, July 18th. JPMorgan Chase & Co. reduced their price objective on Direct Line Insurance Group from GBX 315 ($3.86) to GBX 240 ($2.94) and set a “neutral” rating for the company in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 240 ($2.94) price objective on shares of Direct Line Insurance Group in a research report on Wednesday. Berenberg Bank lifted their price objective on Direct Line Insurance Group from GBX 262 ($3.21) to GBX 266 ($3.26) and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and set a GBX 330 ($4.04) price target on shares of Direct Line Insurance Group in a research note on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 282.30 ($3.46).
Direct Line Insurance Group Stock Performance
Shares of 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 PE ratio of 852.08. The business has a fifty day simple moving average of GBX 235.25 and a 200-day simple moving average of GBX 261.29. 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 12 month low of GBX 184.55 ($2.26) and a 12 month high of GBX 318.80 ($3.91).
About Direct Line Insurance Group
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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