Direct Line Insurance Group PLC (LON:DLG) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 384.69 ($5.01).
Several equities analysts have recently issued reports on the stock. HSBC Holdings plc lifted their price objective on shares of Direct Line Insurance Group PLC from GBX 372 ($4.84) to GBX 440 ($5.73) and gave the stock a “buy” rating in a research note on Thursday. Peel Hunt reiterated a “hold” rating and issued a GBX 360 ($4.69) target price on shares of Direct Line Insurance Group PLC in a report on Tuesday, August 1st. Shore Capital reiterated a “sell” rating on shares of Direct Line Insurance Group PLC in a report on Monday. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 415 ($5.40) target price on shares of Direct Line Insurance Group PLC in a report on Thursday, July 6th. Finally, Deutsche Bank AG raised their target price on shares of Direct Line Insurance Group PLC from GBX 375 ($4.88) to GBX 390 ($5.08) and gave the stock a “buy” rating in a report on Friday, June 23rd.
Shares of Direct Line Insurance Group PLC (LON:DLG) traded down 0.92% during mid-day trading on Monday, hitting GBX 396.50. 3,008,357 shares of the company’s stock traded hands. The stock’s market cap is GBX 5.41 billion. The stock has a 50 day moving average price of GBX 373.63 and a 200-day moving average price of GBX 355.86. Direct Line Insurance Group PLC has a 1-year low of GBX 316.30 and a 1-year high of GBX 411.30.
The firm also recently disclosed a dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 1.67%. The ex-dividend date is Thursday, August 10th.
About Direct Line Insurance Group PLC
Direct Line Insurance Group plc is a United Kingdom-based personal and small business general insurer. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. The Company’s operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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