Direct Line Insurance Group PLC Given Hold Rating at Berenberg Bank (DLG)
Direct Line Insurance Group PLC (LON:DLG)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They currently have a GBX 261 ($4.33) target price on the stock. Berenberg Bank’s price target suggests a potential downside of 13.75% from the stock’s previous close.
Direct Line Insurance Group PLC (LON:DLG) traded down 0.83% during mid-day trading on Wednesday, hitting GBX 300.10. The stock had a trading volume of 1,743,436 shares. Direct Line Insurance Group PLC has a 52-week low of GBX 206.60 and a 52-week high of GBX 307.00. The stock’s 50-day moving average is GBX 289.2 and its 200-day moving average is GBX 262.. The company’s market cap is £4.487 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 14.40 ($0.24) per share. This represents a yield of 4.81%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of other analysts have also recently weighed in on DLG. Analysts at Nomura upgraded shares of Direct Line Insurance Group PLC to a “buy” rating in a research note on Friday, August 29th. They now have a GBX 344 ($5.71) price target on the stock, up previously from GBX 242 ($4.02). Separately, analysts at Canaccord Genuity raised their price target on shares of Direct Line Insurance Group PLC from GBX 275 ($4.56) to GBX 305 ($5.06) 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 284.53 ($4.72).
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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