Investec Reaffirms “Buy” Rating for Direct Line Insurance Group (DLG)
Investec restated their buy rating on shares of Direct Line Insurance Group (LON:DLG) in a research note issued to investors on Monday. The firm currently has a GBX 410 ($5.66) price target on the stock.
Other equities research analysts have also issued reports about the stock. Peel Hunt upgraded shares of Direct Line Insurance Group to an add rating and increased their target price for the stock from GBX 360 ($4.97) to GBX 415 ($5.73) in a report on Wednesday, February 7th. Numis Securities reiterated an add rating and set a GBX 455 ($6.29) target price on shares of Direct Line Insurance Group in a report on Thursday, February 1st. HSBC reissued a buy rating and issued a GBX 440 ($6.08) price objective on shares of Direct Line Insurance Group in a research report on Thursday, November 23rd. Deutsche Bank reissued a buy rating on shares of Direct Line Insurance Group in a research report on Tuesday, December 19th. Finally, Barclays increased their price objective on shares of Direct Line Insurance Group from GBX 358 ($4.95) to GBX 384 ($5.31) and gave the company an equal weight rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 413 ($5.71).
Shares of Direct Line Insurance Group (DLG) opened at GBX 384.30 ($5.31) on Monday. The stock has a market cap of $5,280.00 and a P/E ratio of 1,239.68. Direct Line Insurance Group has a fifty-two week low of GBX 332.28 ($4.59) and a fifty-two week high of GBX 411.30 ($5.68).
In related news, insider Penny James bought 135,983 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of GBX 368 ($5.08) per share, with a total value of £500,417.44 ($691,375.30). Insiders purchased a total of 136,102 shares of company stock worth $50,086,719 over the last ninety days.
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.
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.