Direct Line Insurance Group PLC (LON:DLG) Given Average Rating of “Hold” by Analysts
Direct Line Insurance Group PLC (LON:DLG) has been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 380.33 ($4.95).
DLG has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on shares of Direct Line Insurance Group PLC from GBX 410 ($5.34) to GBX 420 ($5.47) and gave the stock an “outperform” rating in a research report on Thursday, March 30th. J P Morgan Chase & Co upgraded Direct Line Insurance Group PLC to an “overweight” rating and decreased their price target for the stock from GBX 410 ($5.34) to GBX 395 ($5.15) in a report on Friday, March 31st. Barclays PLC restated an “equal weight” rating and issued a GBX 337 ($4.39) price target on shares of Direct Line Insurance Group PLC in a report on Tuesday, April 18th. Peel Hunt restated a “hold” rating and issued a GBX 360 ($4.69) price target on shares of Direct Line Insurance Group PLC in a report on Wednesday, May 3rd. Finally, Shore Capital restated a “sell” rating on shares of Direct Line Insurance Group PLC in a report on Wednesday, May 3rd.
Shares of Direct Line Insurance Group PLC (DLG) traded down 2.10% during mid-day trading on Monday, reaching GBX 367.80. 3,319,310 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 359.57 and a 200-day moving average price of GBX 352.42. Direct Line Insurance Group PLC has a 12 month low of GBX 328.40 and a 12 month high of GBX 400.70. The stock’s market capitalization is GBX 5.02 billion.
In related news, insider Mike Holliday-Williams sold 26,212 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of GBX 358 ($4.66), for a total transaction of £93,838.96 ($122,249.82). Over the last three months, insiders have purchased 129 shares of company stock worth $45,139.
About Direct Line Insurance Group PLC
Direct Line Insurance Group plc is a United Kingdom-based personal and small business general insurer. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. The Company’s operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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