Royal Bank of Canada Reiterates “Sector perform” Rating for Direct Line Insurance Group (LON:DLG)

Royal Bank of Canada reaffirmed their sector perform rating on shares of Direct Line Insurance Group (LON:DLG) in a report released on Monday morning, MarketBeat.com reports. They currently have a GBX 195 ($2.47) price target on the stock.

DLG has been the topic of several other reports. Berenberg Bank lifted their target price on shares of Direct Line Insurance Group from GBX 195 ($2.47) to GBX 220 ($2.79) and gave the stock a buy rating in a research report on Wednesday, April 3rd. Barclays raised shares of Direct Line Insurance Group to an equal weight rating and lifted their target price for the stock from GBX 188 ($2.38) to GBX 219 ($2.78) in a research report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Direct Line Insurance Group presently has an average rating of Moderate Buy and a consensus target price of GBX 209 ($2.65).

Direct Line Insurance Group Stock Performance

Shares of DLG opened at GBX 203.40 ($2.58) on Monday. The firm’s 50 day moving average is GBX 198.64 and its 200-day moving average is GBX 189.55. The stock has a market capitalization of £2.64 billion, a P/E ratio of 1,356.00, a P/E/G ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28. Direct Line Insurance Group has a 12-month low of GBX 132.12 ($1.68) and a 12-month high of GBX 240.10 ($3.05).

Insider Buying and Selling

In other Direct Line Insurance Group news, insider Adam Winslow sold 454,979 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of GBX 203 ($2.58), for a total value of £923,607.37 ($1,171,644.51). 1.93% of the stock is currently owned by insiders.

Direct Line Insurance Group Company Profile

Direct Line Insurance Group plc engages in the provision of general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as commercial insurance for small and medium-sized enterprises.