Direct Line Insurance Group (LON:DLG) had its price target cut by Deutsche Bank from GBX 360 ($4.74) to GBX 355 ($4.67) in a report released on Monday, Stock Target Advisor reports. They currently have a buy rating on the stock.
DLG has been the topic of a number of other reports. Goldman Sachs Group boosted their price objective on Direct Line Insurance Group from GBX 290 ($3.81) to GBX 315 ($4.14) and gave the company a neutral rating in a research note on Tuesday, December 3rd. Citigroup raised Direct Line Insurance Group to a buy rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised Direct Line Insurance Group to an overweight rating and upped their price target for the stock from GBX 345 ($4.54) to GBX 350 ($4.60) in a research note on Monday, March 9th. Barclays upped their price target on Direct Line Insurance Group from GBX 341 ($4.49) to GBX 342 ($4.50) and gave the stock an equal weight rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an outperform rating on shares of Direct Line Insurance Group in a report on Friday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 343.17 ($4.51).
Shares of LON:DLG opened at GBX 260.30 ($3.42) on Monday. The company has a market capitalization of $3.63 billion and a price-to-earnings ratio of 8.91. The company has a debt-to-equity ratio of 15.91, a current ratio of 0.56 and a quick ratio of 0.30. The business’s 50-day moving average is GBX 308.98 and its 200-day moving average is GBX 303.84. Direct Line Insurance Group has a 1 year low of GBX 266.70 ($3.51) and a 1 year high of GBX 366.60 ($4.82).
The firm also recently announced a dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, April 9th will be issued a GBX 14.40 ($0.19) dividend. This represents a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, April 9th. This is a positive change from Direct Line Insurance Group’s previous dividend of $7.20. Direct Line Insurance Group’s dividend payout ratio is currently 0.75%.
About Direct Line Insurance Group
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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