Direct Line Insurance Group (LON:DLG)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Friday, January 5th. They currently have a GBX 450 ($6.10) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 21.29% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. HSBC reiterated a “buy” rating and set a GBX 440 ($5.97) target price on shares of Direct Line Insurance Group in a research note on Thursday, November 23rd. reiterated a “buy” rating on shares of Direct Line Insurance Group in a research note on Thursday, November 9th. Deutsche Bank reiterated a “buy” rating and set a GBX 440 ($5.97) target price on shares of Direct Line Insurance Group in a research note on Wednesday, November 8th. Barclays dropped their price objective on shares of Direct Line Insurance Group from GBX 359 ($4.87) to GBX 358 ($4.85) and set an “equal weight” rating for the company in a research note on Monday, December 11th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 360 ($4.88) price objective on shares of Direct Line Insurance Group in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 400.14 ($5.43).
Direct Line Insurance Group (LON DLG) traded down GBX 5.30 ($0.07) during trading hours on Friday, reaching GBX 371 ($5.03). 3,786,124 shares of the company traded hands, compared to its average volume of 3,200,000. The firm has a market cap of $5,100.00 and a PE ratio of 1,545.83. Direct Line Insurance Group has a 1 year low of GBX 328.40 ($4.45) and a 1 year high of GBX 411.30 ($5.58).
In other news, insider Penny James purchased 135,983 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of GBX 368 ($4.99) per share, for a total transaction of £500,417.44 ($678,624.14). Also, insider Danuta Gray purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of GBX 359 ($4.87) per share, for a total transaction of £35,900 ($48,684.57). Insiders purchased a total of 146,106 shares of company stock worth $53,676,646 over the last quarter.
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Direct Line Insurance Group 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.
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