Direct Line Insurance Group PLC (DLG) Receives Average Recommendation of “Buy” from Brokerages
Direct Line Insurance Group PLC (LON:DLG) has been given an average rating of “Buy” by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 388.36 ($5.27).
Several analysts have recently commented on DLG shares. reissued a “buy” rating on shares of Direct Line Insurance Group in a report on Thursday, November 9th. Barclays reduced their price objective on Direct Line Insurance Group from GBX 359 ($4.87) to GBX 358 ($4.85) and set an “equal weight” rating for the company in a report on Monday, December 11th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 440 ($5.97) price objective on shares of Direct Line Insurance Group in a report on Tuesday, October 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Direct Line Insurance Group in a report on Thursday, November 16th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Direct Line Insurance Group in a report on Tuesday, November 7th.
In related news, insider Danuta Gray bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was bought at an average price of GBX 359 ($4.87) per share, with a total value of £35,900 ($48,684.57). Also, insider Penny James bought 135,983 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was bought at an average cost of GBX 368 ($4.99) per share, with a total value of £500,417.44 ($678,624.14). Insiders bought 146,106 shares of company stock valued at $53,676,646 in the last ninety days.
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About Direct Line Insurance Group
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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