Shore Capital Reiterates “Sell” Rating for Direct Line Insurance Group PLC (DLG)

Shore Capital restated their sell rating on shares of Direct Line Insurance Group PLC (LON:DLG) in a report issued on Monday, August 7th.

DLG has been the subject of a number of other reports. Peel Hunt reaffirmed a hold rating and set a GBX 360 ($4.67) price target on shares of Direct Line Insurance Group PLC in a research report on Monday, August 7th. Deutsche Bank AG reissued a buy rating and set a GBX 390 ($5.06) price objective on shares of Direct Line Insurance Group PLC in a report on Friday, July 21st. Credit Suisse Group raised Direct Line Insurance Group PLC to an outperform rating and raised their price target for the stock from GBX 370 ($4.80) to GBX 410 ($5.32) in a report on Wednesday, July 12th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 415 ($5.39) price target on shares of Direct Line Insurance Group PLC in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated an overweight rating and issued a GBX 415 ($5.39) price objective on shares of Direct Line Insurance Group PLC in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Direct Line Insurance Group PLC currently has an average rating of Hold and an average target price of GBX 389.08 ($5.05).

Shares of Direct Line Insurance Group PLC (DLG) opened at 385.10 on Monday. Direct Line Insurance Group PLC has a 1-year low of GBX 328.40 and a 1-year high of GBX 411.30. The firm’s 50 day moving average is GBX 378.05 and its 200 day moving average is GBX 357.28. The firm’s market capitalization is GBX 5.26 billion.

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The business also recently declared a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be given a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.67%.

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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