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Direct Line Insurance Group plc (LON:DLG) Receives Average Rating of “Hold” from Brokerages

Direct Line Insurance Group plc (LON:DLG – Get Rating ) has received an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 253.38 ($3.00).

A number of equities analysts have commented on the stock. Berenberg Bank decreased their price objective on shares of Direct Line Insurance Group from GBX 266 ($3.15) to GBX 259 ($3.06) and set a “buy” rating for the company in a research note on Wednesday, November 9th. Barclays reaffirmed an “equal weight” rating and issued a GBX 278 ($3.29) price objective on shares of Direct Line Insurance Group in a report on Wednesday, November 9th. JPMorgan Chase & Co. decreased their price objective on shares of Direct Line Insurance Group from GBX 230 ($2.72) to GBX 220 ($2.60) and set a “neutral” rating for the company in a report on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Direct Line Insurance Group from GBX 230 ($2.72) to GBX 225 ($2.66) and set a “hold” rating for the company in a report on Wednesday, November 9th. Finally, Credit Suisse Group reduced their price objective on shares of Direct Line Insurance Group from GBX 250 ($2.96) to GBX 240 ($2.84) and set an “outperform” rating for the company in a report on Wednesday, August 3rd.

Direct Line Insurance Group Price Performance

DLG stock opened at GBX 223.90 ($2.65) on Friday. The company has a debt-to-equity ratio of 16.65, a current ratio of 0.53, and a quick ratio of 0.28. Direct Line Insurance Group has a one year low of GBX 171.70 ($2.03) and a one year high of GBX 313.70 ($3.71). The stock has a market cap of £2.94 billion and a PE ratio of 1,119.50. The firm has a 50 day simple moving average of GBX 200.04 and a two hundred day simple moving average of GBX 219.19.

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 automotive, home, rescue and other personal lines, and commercial segments. It offers auto, home, rescue, travel, creditor and pet insurance products, as well as insurance for mid-to-high net worth clients; and commercial insurance for small and medium-sized businesses.

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

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