Direct Line Insurance Group plc (LON:DLG – Get a rating) has been assigned a consensus rating of “moderate buy” by the eleven brokerages that currently cover the stock, reports MarketBeat.com. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The 12-month average price target among analysts who have covered the stock over the past year is 282.30 GBX ($3.41).
A number of stock analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating and set a target price of 292 GBX ($3.53) on shares of Direct Line Insurance Group in a Wednesday, August 3 research report. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a price target of 240 GBX ($2.90) on shares of Direct Line Insurance Group in a Wednesday, August 3 report. Berenberg Bank raised its price target on Direct Line Insurance Group shares from GBX 262 ($3.17) to GBX 266 ($3.21) and gave the stock a “buy” rating in a report from the Wednesday, August 3. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 230 ($2.78) price target on shares of Direct Line Insurance Group in a Wednesday, August 3 report. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 360 ($4.35) price target on shares of Direct Line Insurance Group in a Friday, May 27 report.
Direct line insurance group price performance
Shares of LON:DLG opened at GBX 217 ($2.62) on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.53 and a debt ratio of 16.65. The company has a market capitalization of £2.85 billion and a PE ratio of 1,083.00. Direct Line Insurance Group has a twelve month minimum of 184.55 GBX ($2.23) and a twelve month maximum of 318 GBX ($3.84). The company has a 50-day rolling average price of 228.19 GBX and a two-hundred-day rolling average price of 255.90 GBX.
Direct Line Insurance Group cuts its dividends
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The company also recently announced a dividend, which will be paid on Friday, September 9. Investors registered on Thursday, August 11 will receive a dividend of 7.60 GBX ($0.09). This represents a return of 3.67%. The ex-dividend date is Thursday, August 11. Direct Line Insurance Group’s dividend payout ratio is currently 113.50%.
Insider Activity at Direct Line Insurance Group
In other news, insider Neil Manser sold 48,462 shares of the company in a trade that took place on Monday, August 8. The shares were sold at an average price of 208 GBX ($2.51), for a total value of £100,800.96 ($121,799.13).
About Direct Line Insurance Group
Direct Line Insurance Group plc provides general insurance products and services in the UK. The Company operates through the Automotive, Home, Rescue and Other Personal Lines, and Commercial segments. It offers auto, home, salvage, travel, credit and pet insurance products, as well as insurance for mid to high net worth clients; and commercial insurance for small and medium enterprises.
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