Direct Line Insurance Group (DLG) Earns “Overweight” Rating from Morgan Stanley

Direct Line Insurance Group (LON:DLG)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a research note issued to investors on Monday. They presently have a GBX 449 ($6.09) price objective on the stock. Morgan Stanley’s target price suggests a potential upside of 19.32% from the company’s current price.

DLG has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 450 ($6.10) price target on shares of Direct Line Insurance Group in a report on Tuesday, October 10th. 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 research note on Monday, December 11th. Deutsche Bank reiterated a “buy” rating and issued a GBX 440 ($5.97) price objective on shares of Direct Line Insurance Group in a research note on Tuesday, October 24th. HSBC reiterated a “buy” rating and issued a GBX 440 ($5.97) price objective on shares of Direct Line Insurance Group in a research note on Thursday, November 23rd. Finally, Shore Capital reiterated a “sell” rating on shares of Direct Line Insurance Group in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Direct Line Insurance Group presently has a consensus rating of “Buy” and an average target price of GBX 400 ($5.42).

Direct Line Insurance Group (LON DLG) opened at GBX 376.30 ($5.10) on Monday. The stock has a market capitalization of $5,190.00 and a P/E ratio of 1,567.92. Direct Line Insurance Group has a fifty-two week low of GBX 328.40 ($4.45) and a fifty-two week high of GBX 411.30 ($5.58).

In related news, insider Danuta Gray purchased 10,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was acquired at an average price of GBX 359 ($4.87) per share, for a total transaction of £35,900 ($48,684.57). Also, insider Penny James purchased 135,983 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were bought at an average price of GBX 368 ($4.99) per share, with a total value of £500,417.44 ($678,624.14). In the last quarter, insiders acquired 146,066 shares of company stock valued at $53,661,846.

TRADEMARK VIOLATION NOTICE: This article was originally published by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/29/direct-line-insurance-group-dlg-earns-overweight-rating-from-morgan-stanley.html.

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.

Analyst Recommendations for Direct Line Insurance Group (LON:DLG)

Receive News & Ratings for Direct Line Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direct Line Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply