Analysts Set Direct Line Insurance Group plc (LON:DLG) PT at GBX 169

Shares of Direct Line Insurance Group plc (LON:DLG) have received a consensus rating of “Reduce” from the nine research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 169 ($2.08).

Several brokerages have recently weighed in on DLG. Berenberg Bank reiterated a “hold” rating and set a GBX 161 ($1.98) price target on shares of Direct Line Insurance Group in a research report on Tuesday, October 3rd. Barclays reiterated an “underweight” rating and set a GBX 166 ($2.04) price target on shares of Direct Line Insurance Group in a research report on Friday, September 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 161 ($1.98) price target on shares of Direct Line Insurance Group in a research report on Tuesday, October 3rd.

Direct Line Insurance Group Trading Up 2.9 %

Shares of Direct Line Insurance Group stock opened at GBX 183.05 ($2.25) on Friday. Direct Line Insurance Group has a 52-week low of GBX 132.12 ($1.62) and a 52-week high of GBX 238.60 ($2.93). The stock’s 50-day simple moving average is GBX 168.17 and its 200 day simple moving average is GBX 159.81. The stock has a market capitalization of £2.40 billion, a P/E ratio of -2,033.89, a P/E/G ratio of 2.22 and a beta of 0.34. The company has a debt-to-equity ratio of 21.28, a quick ratio of 0.28 and a current ratio of 0.60.

Direct Line Insurance Group Company Profile

Direct Line Insurance Group plc engages in the provision of general insurance products and services in the United Kingdom. The company operates through four segments: Motor, Home, Rescue and Other Personal Lines, and Commercial. 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.