Direct Line Insurance Group (DLG) Given Outperform Rating at Credit Suisse Group

Direct Line Insurance Group (LON:DLG)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a research note issued to investors on Monday.

Other analysts also recently issued reports about the stock. Deutsche Bank reiterated a “buy” rating on shares of Direct Line Insurance Group in a research report on Monday. Citigroup reiterated a “neutral” rating and issued a GBX 400 ($5.53) price target on shares of Direct Line Insurance Group in a research report on Monday. Morgan Stanley reissued an “overweight” rating and set a GBX 449 ($6.20) target price on shares of Direct Line Insurance Group in a research note on Monday, January 29th. reissued a “buy” rating on shares of Direct Line Insurance Group in a research note on Thursday, November 9th. Finally, Numis Securities reissued an “add” rating and set a GBX 455 ($6.29) target price on shares of Direct Line Insurance Group in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 415 ($5.73).

Shares of Direct Line Insurance Group (LON:DLG) traded up GBX 3.20 ($0.04) during trading hours on Monday, hitting GBX 381.70 ($5.27). 6,810,976 shares of the company were exchanged, compared to its average volume of 3,660,000. The firm has a market cap of $5,250.00 and a P/E ratio of 1,590.42. Direct Line Insurance Group has a 1-year low of GBX 328.40 ($4.54) and a 1-year high of GBX 411.30 ($5.68).

In other Direct Line Insurance Group news, insider Penny James purchased 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 ($5.08) per share, with a total value of £500,417.44 ($691,375.30). Also, insider Danuta Gray purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average cost of GBX 359 ($4.96) per share, with a total value of £35,900 ($49,599.34). Insiders have bought a total of 146,106 shares of company stock valued at $53,676,926 over the last ninety days.

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Direct Line Insurance Group Company Profile

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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