Direct Line Insurance Group PLC Lifted to “Buy” at Nomura (DLG)
Direct Line Insurance Group PLC (LON:DLG) was upgraded by equities researchers at Nomura to a “buy” rating in a research report issued on Friday. The firm currently has a GBX 344 ($5.69) price target on the stock, up from their previous price target of GBX 242 ($4.00). Nomura’s target price points to a potential upside of 18.95% from the company’s current price.
Shares of Direct Line Insurance Group PLC (LON:DLG) opened at 295.30 on Friday. Direct Line Insurance Group PLC has a one year low of GBX 206.60 and a one year high of GBX 307.00. The stock’s 50-day moving average is GBX 287.2 and its 200-day moving average is GBX 262.0. The company’s market cap is £4.415 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 12th. Stockholders 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 Berenberg Bank raised their price target on shares of Direct Line Insurance Group PLC from GBX 254 ($4.20) to GBX 261 ($4.32) in a research note on Friday, August 15th. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Direct Line Insurance Group PLC from GBX 275 ($4.55) to GBX 305 ($5.05) in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Direct Line Insurance Group PLC in a research note on Monday, August 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 284.53 ($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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