Direct Line Insurance Group PLC (LON:DLG) Earns “Outperform” Rating from Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of Direct Line Insurance Group PLC (LON:DLG) in a report released on Friday, September 8th.

A number of other analysts also recently commented on DLG. HSBC Holdings plc boosted their target price on Direct Line Insurance Group PLC from GBX 372 ($4.80) to GBX 440 ($5.68) and gave the stock a buy rating in a research report on Thursday, August 10th. Peel Hunt reiterated a hold rating and set a GBX 360 ($4.65) target price on shares of Direct Line Insurance Group PLC in a research report on Monday, August 7th. Shore Capital restated a sell rating on shares of Direct Line Insurance Group PLC in a research report on Monday, August 7th. Morgan Stanley upped their price objective on Direct Line Insurance Group PLC from GBX 423 ($5.46) to GBX 451 ($5.82) and gave the company an overweight rating in a research report on Thursday, August 17th. Finally, J P Morgan Chase & Co reiterated an overweight rating on shares of Direct Line Insurance Group PLC in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 396.62 ($5.12).

Shares of Direct Line Insurance Group PLC (DLG) traded down 1.72% on Friday, hitting GBX 371.50. The stock had a trading volume of 5,362,682 shares. Direct Line Insurance Group PLC has a 12 month low of GBX 316.30 and a 12 month high of GBX 411.30. The stock’s market cap is GBX 5.07 billion. The firm has a 50 day moving average of GBX 386.88 and a 200 day moving average of GBX 360.31.

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The company also recently announced a dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were issued a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 1.67%. The ex-dividend date of this dividend was Thursday, August 10th.

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 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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