Direct Line Insurance Group (DLG) Rating Increased to Add at Peel Hunt

Peel Hunt upgraded shares of Direct Line Insurance Group (LON:DLG) to an add rating in a research note published on Wednesday morning. The brokerage currently has GBX 415 ($5.82) price target on the stock, up from their prior price target of GBX 360 ($5.05).

Other research analysts also recently issued research reports about the stock. Morgan Stanley reiterated an overweight rating and set a GBX 449 ($6.30) target price on shares of Direct Line Insurance Group in a research report on Monday, January 29th. reiterated a buy rating on shares of Direct Line Insurance Group in a research report on Thursday, November 9th. Numis Securities reiterated an add rating and set a GBX 455 ($6.38) target price on shares of Direct Line Insurance Group in a research report on Thursday, February 1st. JPMorgan Chase & Co. reiterated an overweight rating on shares of Direct Line Insurance Group in a research report on Thursday, November 16th. Finally, Deutsche Bank reiterated a buy rating and set a GBX 440 ($6.17) target price on shares of Direct Line Insurance Group in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Direct Line Insurance Group presently has an average rating of Buy and an average price target of GBX 416.07 ($5.83).

Shares of Direct Line Insurance Group (LON DLG) opened at GBX 378.50 ($5.31) on Wednesday. Direct Line Insurance Group has a 12 month low of GBX 328.40 ($4.60) and a 12 month high of GBX 411.30 ($5.77). The company has a market cap of $5,200.00 and a price-to-earnings ratio of 1,577.08.

In other news, insider Penny James bought 135,983 shares of the stock in a transaction dated Monday, December 18th. The stock was bought at an average price of GBX 368 ($5.16) per share, for a total transaction of £500,417.44 ($701,650.93). Also, insider Danuta Gray bought 10,000 shares of the stock in a transaction dated Friday, November 24th. The stock was purchased at an average price of GBX 359 ($5.03) per share, with a total value of £35,900 ($50,336.51). In the last 90 days, insiders have acquired 146,106 shares of company stock worth $53,676,926.

WARNING: “Direct Line Insurance Group (DLG) Rating Increased to Add at Peel Hunt” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://sportsperspectives.com/2018/02/11/direct-line-insurance-group-dlg-rating-increased-to-add-at-peel-hunt.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.

Latest News

Leave a Reply