Direct Line Insurance Group plc (LON:DLG) At an average analyst rating of Moderate Buy

Direct Line Insurance Group plc (LON:DLG – Get Rating ) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 302.50 ($3.62).

DLG has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of Direct Line Insurance Group to a “hold” rating and reduced their target price for the company from GBX 330 ($3.95) to GBX 215 ($2.57) in a report on Monday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 330 ($3.95) price target on shares of Direct Line Insurance Group in a report on Tuesday, April 5th. JPMorgan Chase & Co. cut their target price on shares of Direct Line Insurance Group from GBX 315 ($3.77) to GBX 240 ($2.87) and set a “neutral” rating on the stock in a report on Friday, July 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 360 ($4.30) target price on shares of Direct Line Insurance Group in a report on Friday, May 27th. Finally, Barclays reiterated an “equal weight” rating and issued a GBX 323 ($3.86) target price on shares of Direct Line Insurance Group in a report on Tuesday, July 19th.

Shares of Direct Line Insurance Group rose 0.3%

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Shares of Direct Line Insurance Group stock opened at GBX 201.60 ($2.41) on Friday. The company has a market cap of £2.64 billion and a P/E ratio of 840.00. The firm’s fifty-day simple moving average is GBX 244.16, and its 200-day simple moving average is GBX 267.02. The company has a current ratio of 0.55, a quick ratio of 0.30, and a debt-to-equity ratio of 22.69. Direct Line Insurance Group has a 1 year low of GBX 184.55 ($2.21) and a 1 year high of GBX 319.40 ($3.82).

About Direct Line Insurance Group

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Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through motor, home, rescue and other personal lines and commercial segments. Offers auto, home, rescue, travel, creditor and pet insurance, as well as insurance for mid- to high-net-worth clients; and commercial insurance for small and medium-sized businesses.

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

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