Brokerages Set Direct Line Insurance Group plc (LON:DLG) Target Price at GBX 345.75

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Shares of Direct Line Insurance Group plc (LON:DLG) have been assigned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the firm, reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 345.75 ($4.52).

A number of equities analysts have recently issued reports on DLG shares. Berenberg Bank reiterated a “buy” rating and set a GBX 395 ($5.16) target price on shares of Direct Line Insurance Group in a research report on Monday, March 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Direct Line Insurance Group from GBX 355 ($4.64) to GBX 350 ($4.57) and set a “buy” rating on the stock in a report on Monday, March 29th.

Shares of DLG stock opened at GBX 307.80 ($4.02) on Monday. Direct Line Insurance Group has a 1 year low of GBX 250.60 ($3.27) and a 1 year high of GBX 345.70 ($4.52). The firm’s 50 day moving average is GBX 315.77 and its 200-day moving average is GBX 303.15. The firm has a market capitalization of £4.19 billion and a price-to-earnings ratio of 12.64. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 25.14.

The company also recently announced a dividend, which will be paid on Thursday, May 20th. Shareholders of record on Thursday, April 8th will be paid a GBX 14.70 ($0.19) dividend. This represents a yield of 4.59%. The ex-dividend date is Thursday, April 8th. Direct Line Insurance Group’s payout ratio is presently 0.29%.

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, personal home, travel, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.

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

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