Direct Line Insurance Group PLC (DLG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Direct Line Insurance Group PLC (LON:DLG) have been given an average recommendation of “Buy” by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 408.64 ($5.73).

A number of equities research analysts have recently weighed in on DLG shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 450 ($6.31) price target on shares of Direct Line Insurance Group in a report on Tuesday, October 24th. Deutsche Bank reissued a “buy” rating and set a GBX 440 ($6.17) target price on shares of Direct Line Insurance Group in a report on Tuesday, October 24th. Shore Capital reissued a “sell” rating on shares of Direct Line Insurance Group in a report on Tuesday, November 7th. reissued a “buy” rating on shares of Direct Line Insurance Group in a report on Thursday, November 9th. Finally, HSBC reissued a “buy” rating and set a GBX 440 ($6.17) target price on shares of Direct Line Insurance Group in a report on Thursday, November 23rd.

Shares of Direct Line Insurance Group (DLG) opened at GBX 378.50 ($5.31) on Friday. The firm has a market capitalization of $5,200.00 and a P/E ratio of 1,577.08. Direct Line Insurance Group has a twelve month low of GBX 328.40 ($4.60) and a twelve month high of GBX 411.30 ($5.77).

In related news, insider Penny James purchased 135,983 shares of the company’s stock in a transaction on Monday, December 18th. The shares were bought at an average price of GBX 368 ($5.16) per share, with a total value of £500,417.44 ($701,650.93). Also, insider Danuta Gray purchased 10,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was bought at an average cost of GBX 359 ($5.03) per share, for a total transaction of £35,900 ($50,336.51). Insiders acquired 146,106 shares of company stock worth $53,676,926 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.

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

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