Direct Line Insurance Group’s (DLG) Buy Rating Reiterated at Shore Capital
Shore Capital reissued their buy rating on shares of Direct Line Insurance Group (LON:DLG) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on DLG. Canaccord Genuity reiterated a sell rating and issued a GBX 280 ($3.66) target price on shares of Direct Line Insurance Group in a research report on Monday, August 5th. UBS Group reiterated a buy rating on shares of Direct Line Insurance Group in a research report on Monday, July 29th. Barclays reduced their target price on shares of Direct Line Insurance Group from GBX 354 ($4.63) to GBX 347 ($4.53) and set an equal weight rating for the company in a research report on Tuesday, September 3rd. Berenberg Bank cut their price objective on shares of Direct Line Insurance Group from GBX 344 ($4.49) to GBX 331 ($4.33) and set a hold rating for the company in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a neutral rating for the company in a research report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 354 ($4.63).
Shares of LON DLG opened at GBX 298.60 ($3.90) on Monday. The firm has a 50-day simple moving average of GBX 300.27 and a 200-day simple moving average of GBX 327.81. The stock has a market capitalization of $4.11 billion and a price-to-earnings ratio of 9.57. The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 16.68. Direct Line Insurance Group has a 52 week low of GBX 278.80 ($3.64) and a 52 week high of GBX 366.60 ($4.79).
Direct Line Insurance Group Company Profile
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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