Shore Capital Reaffirms “Buy” Rating for Direct Line Insurance Group (DLG)

Direct Line Insurance Group (LON:DLG)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a report released on Wednesday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently issued reports on DLG. Barclays increased their price objective on Direct Line Insurance Group from GBX 339 ($4.43) to GBX 362 ($4.73) and gave the stock an “equal weight” rating in a research note on Wednesday, April 3rd. Canaccord Genuity reissued a “sell” rating and issued a GBX 280 ($3.66) price objective on shares of Direct Line Insurance Group in a research note on Wednesday, April 10th. Peel Hunt reissued an “add” rating on shares of Direct Line Insurance Group in a research note on Thursday, April 11th. Goldman Sachs Group increased their price objective on Direct Line Insurance Group from GBX 352 ($4.60) to GBX 360 ($4.70) and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, UBS Group reissued a “buy” rating on shares of Direct Line Insurance Group in a research note on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 365.17 ($4.77).

Shares of Direct Line Insurance Group stock opened at GBX 313.20 ($4.09) on Wednesday. The stock has a market capitalization of $4.26 billion and a P/E ratio of 9.46. The company has a debt-to-equity ratio of 11.19, a current ratio of 0.56 and a quick ratio of 0.34. Direct Line Insurance Group has a 1 year low of GBX 300.70 ($3.93) and a 1 year high of GBX 378.60 ($4.95).

In other news, insider Paul Geddes sold 155,117 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of GBX 360 ($4.70), for a total transaction of £558,421.20 ($729,676.21). Also, insider Gregor Stewart purchased 2,925 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were purchased at an average cost of GBX 340 ($4.44) per share, with a total value of £9,945 ($12,994.90).

About Direct Line Insurance Group

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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