Direct Line Insurance Group PLC Price Target Raised to GBX 305 at Canaccord Genuity (DLG)
Stock analysts at Canaccord Genuity lifted their price target on shares of Direct Line Insurance Group PLC (LON:DLG) from GBX 275 ($4.63) to GBX 305 ($5.13) in a report issued on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 0.28% from the company’s current price.
Direct Line Insurance Group PLC (LON:DLG) traded up 1.58% during mid-day trading on Monday, hitting GBX 304.1381. 6,069,576 shares of the company’s stock traded hands. Direct Line Insurance Group PLC has a 1-year low of GBX 206.60 and a 1-year high of GBX 291.20. The stock has a 50-day moving average of GBX 276.9 and a 200-day moving average of GBX 258.2. The company’s market cap is £4.546 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 12th. Investors of record on Wednesday, August 13th will be paid a dividend of GBX 14.40 ($0.24) per share. This represents a dividend yield of 4.81%. The ex-dividend date is Wednesday, August 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Direct Line Insurance Group PLC in a research note on Monday. Separately, analysts at Credit Suisse raised their price target on shares of Direct Line Insurance Group PLC from GBX 277 ($4.66) to GBX 305 ($5.13) in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Direct Line Insurance Group PLC in a research note on Friday. They now have a GBX 300 ($5.05) price target on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 279.79 ($4.71).
Direct Line Insurance Group plc is a United Kingdom-based company is a retail general insurer with operations in the United Kingdom, Italy and Germany.
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