Direct Line Insurance Group (LON:DLG) Lowered to “Sell” at Citigroup

Citigroup lowered shares of Direct Line Insurance Group (LON:DLGGet Rating) to a sell rating in a report issued on Tuesday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on DLG. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Direct Line Insurance Group from GBX 230 ($2.85) to GBX 225 ($2.79) and set a hold rating on the stock in a research report on Wednesday, November 9th. Berenberg Bank decreased their target price on shares of Direct Line Insurance Group from GBX 266 ($3.29) to GBX 259 ($3.21) and set a buy rating on the stock in a research report on Wednesday, November 9th. Royal Bank of Canada decreased their target price on shares of Direct Line Insurance Group from GBX 270 ($3.34) to GBX 260 ($3.22) and set an outperform rating on the stock in a research report on Wednesday, November 16th. JPMorgan Chase & Co. decreased their target price on shares of Direct Line Insurance Group from GBX 230 ($2.85) to GBX 220 ($2.72) and set a neutral rating on the stock in a research report on Wednesday, November 9th. Finally, Barclays restated an equal weight rating and issued a GBX 278 ($3.44) price target on shares of Direct Line Insurance Group in a report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of GBX 253.38 ($3.14).

Direct Line Insurance Group Price Performance

DLG opened at GBX 175.90 ($2.18) on Tuesday. The company’s 50 day simple moving average is GBX 208.97 and its 200 day simple moving average is GBX 205.86. The company has a debt-to-equity ratio of 16.65, a quick ratio of 0.28 and a current ratio of 0.53. Direct Line Insurance Group has a 1 year low of GBX 161.95 ($2.01) and a 1 year high of GBX 312.70 ($3.87). The stock has a market capitalization of £2.31 billion and a PE ratio of 879.50.

Insider Activity

In other news, insider Penny James sold 218,040 shares of Direct Line Insurance Group stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of GBX 222 ($2.75), for a total transaction of £484,048.80 ($599,292.81).

Direct Line Insurance Group Company Profile

(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.

See Also

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

Receive News & Ratings for Direct Line Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direct Line Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.