Direct Line Insurance Group (LON:DLG) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of Direct Line Insurance Group (LON:DLG) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued research reports about the company. HSBC cut their price target on Direct Line Insurance Group from GBX 424 ($5.54) to GBX 385 ($5.03) and set a buy rating on the stock in a research report on Tuesday, April 16th. Canaccord Genuity reaffirmed a sell rating and set a GBX 280 ($3.66) price target on shares of Direct Line Insurance Group in a research report on Wednesday, April 10th. Berenberg Bank cut their price target on Direct Line Insurance Group from GBX 348 ($4.55) to GBX 344 ($4.49) and set a hold rating on the stock in a research report on Monday, July 15th. Morgan Stanley reaffirmed an overweight rating on shares of Direct Line Insurance Group in a research report on Wednesday, June 19th. Finally, Peel Hunt reaffirmed an add rating and set a GBX 350 ($4.57) price target (up previously from GBX 345 ($4.51)) on shares of Direct Line Insurance Group in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 361.08 ($4.72).

DLG traded down GBX 2.70 ($0.04) during trading on Thursday, hitting GBX 318.60 ($4.16). 4,577,470 shares of the stock were exchanged, compared to its average volume of 5,740,000. The company has a market cap of $4.38 billion and a price-to-earnings ratio of 10.24. Direct Line Insurance Group has a 1-year low of GBX 300.70 ($3.93) and a 1-year high of GBX 366.60 ($4.79). The company’s fifty day simple moving average is GBX 330.88. The company has a quick ratio of 0.93, a current ratio of 1.49 and a debt-to-equity ratio of 16.68.

The business also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 8th will be paid a GBX 7.20 ($0.09) dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 2.27%. Direct Line Insurance Group’s dividend payout ratio (DPR) is currently 0.68%.

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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