Barclays PLC reiterated their equal weight rating on shares of Direct Line Insurance Group PLC (LON:DLG) in a research report report published on Tuesday morning. Barclays PLC currently has a GBX 337 ($4.24) price target on the stock.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. upgraded Direct Line Insurance Group PLC to an overweight rating and cut their price target for the stock from GBX 410 ($5.16) to GBX 395 ($4.97) in a report on Friday, March 31st. Royal Bank of Canada increased their price target on Direct Line Insurance Group PLC from GBX 410 ($5.16) to GBX 420 ($5.29) and gave the stock an outperform rating in a report on Thursday, March 30th. Deutsche Bank AG cut their price target on Direct Line Insurance Group PLC from GBX 395 ($4.97) to GBX 375 ($4.72) and set a buy rating on the stock in a report on Friday, March 24th. Macquarie upgraded Direct Line Insurance Group PLC to a neutral rating and set a GBX 305 ($3.84) price target on the stock in a report on Wednesday, March 8th. Finally, Credit Suisse Group AG restated a neutral rating and set a GBX 370 ($4.66) price target on shares of Direct Line Insurance Group PLC in a report on Wednesday, March 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 370.15 ($4.66).
Direct Line Insurance Group PLC (LON:DLG) opened at 340.40 on Tuesday. Direct Line Insurance Group PLC has a 52 week low of GBX 323.00 and a 52 week high of GBX 400.70. The company’s market cap is GBX 4.65 billion. The stock has a 50 day moving average of GBX 342.10 and a 200 day moving average of GBX 352.42.
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The business also recently disclosed a dividend, which will be paid on Thursday, May 18th. Shareholders of record on Thursday, March 16th will be paid a dividend of GBX 9.70 ($0.12) per share. This represents a yield of 2.87%. The ex-dividend date of this dividend is Thursday, March 16th.
In related news, insider John Reizenstein acquired 15,600 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were acquired at an average cost of GBX 338 ($4.25) per share, for a total transaction of £52,728 ($66,366.27). Over the last 90 days, insiders have acquired 20,132 shares of company stock worth $6,827,069.
Direct Line Insurance Group PLC 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 Company, and the receipt and payment of dividends. Its operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.
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