Royal Bank of Canada Trims Direct Line Insurance Group (LON:DLG) Target Price to GBX 180

Direct Line Insurance Group (LON:DLG – Get Rating) had its target price decreased by Royal Bank of Canada from GBX 190 ($2.32) to GBX 180 ($2.19) in a research report report published on Wednesday, Marketbeat reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft restated a hold rating and issued a GBX 180 ($2.19) price target on shares of Direct Line Insurance Group in a research report on Tuesday, March 14th. Citigroup downgraded Direct Line Insurance Group to a sell rating in a research report on Tuesday, January 24th. Numis Securities restated a hold rating and issued a GBX 170 ($2.07) price target on shares of Direct Line Insurance Group in a research report on Thursday, February 9th. Berenberg Bank restated a hold rating and issued a GBX 159 ($1.94) price target on shares of Direct Line Insurance Group in a research report on Monday, February 27th. Finally, Shore Capital lowered their price target on Direct Line Insurance Group from GBX 160 ($1.95) to GBX 159 ($1.94) and set a hold rating for the company in a research report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Direct Line Insurance Group presently has an average rating of Hold and an average target price of GBX 213.10 ($2.60).

Direct Line Insurance Group Trading Down 2.0 %

DLG stock opened at GBX 151.50 ($1.85) on Wednesday. The firm has a fifty day moving average price of GBX 178.08 and a 200 day moving average price of GBX 196.66. Direct Line Insurance Group has a fifty-two week low of GBX 149.85 ($1.83) and a fifty-two week high of GBX 282.60 ($3.44). The company has a debt-to-equity ratio of 16.65, a quick ratio of 0.28 and a current ratio of 0.53. The firm has a market cap of £1.98 billion, a PE ratio of 797.37, a price-to-earnings-growth ratio of 2.22 and a beta of 0.35.

About Direct Line Insurance Group

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Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.