Shore Capital Reaffirms Sell Rating for Direct Line Insurance Group PLC (DLG)

Shore Capital reissued their sell rating on shares of Direct Line Insurance Group PLC (LON:DLG) in a report published on Monday, August 7th.

Several other brokerages have also recently weighed in on DLG. Peel Hunt reissued a hold rating and set a GBX 360 ($4.67) price objective on shares of Direct Line Insurance Group PLC in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 370 ($4.80) price objective on shares of Direct Line Insurance Group PLC in a report on Tuesday, July 4th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 395 ($5.13) price objective on shares of Direct Line Insurance Group PLC in a report on Thursday, April 20th. Credit Suisse Group raised Direct Line Insurance Group PLC to an outperform rating and upped their price target for the company from GBX 370 ($4.80) to GBX 410 ($5.32) in a research note on Wednesday, July 12th. Finally, Macquarie reaffirmed a neutral rating and issued a GBX 305 ($3.96) price target on shares of Direct Line Insurance Group PLC in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 389.08 ($5.05).

Direct Line Insurance Group PLC (LON DLG) traded down 0.95% during midday trading on Monday, hitting GBX 385.10. 3,421,159 shares of the stock traded hands. Direct Line Insurance Group PLC has a one year low of GBX 328.40 and a one year high of GBX 411.30. The company’s 50-day moving average is GBX 378.05 and its 200-day moving average is GBX 357.28. The company’s market cap is GBX 5.26 billion.

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The business also recently disclosed a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be issued a GBX 6.80 ($0.09) dividend. This represents a dividend yield of 1.67%. The ex-dividend date is Thursday, August 10th.

About Direct Line Insurance Group PLC

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 PLC (LON:DLG)

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