Deutsche Bank lowered shares of Direct Line Insurance Group (LON:DLG) to a hold rating in a report issued on Tuesday, March 13th. They currently have GBX 400 ($5.53) price target on the stock, down from their prior price target of GBX 440 ($6.08).
Several other analysts have also recently commented on DLG. Investec reiterated a buy rating and set a GBX 410 ($5.66) price target on shares of Direct Line Insurance Group in a research report on Monday, March 12th. Peel Hunt upgraded Direct Line Insurance Group to an add rating and boosted their price target for the stock from GBX 360 ($4.97) to GBX 415 ($5.73) in a research report on Wednesday, February 7th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 450 ($6.22) target price on shares of Direct Line Insurance Group in a report on Wednesday, February 28th. Barclays upgraded Direct Line Insurance Group to an overweight rating and upped their target price for the company from GBX 384 ($5.31) to GBX 413 ($5.71) in a report on Tuesday, February 6th. Finally, Shore Capital reaffirmed a sell rating on shares of Direct Line Insurance Group in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 413 ($5.71).
Shares of Direct Line Insurance Group stock opened at GBX 390.10 ($5.39) on Tuesday. The company has a market capitalization of $5,340.00 and a P/E ratio of 1,258.39. Direct Line Insurance Group has a 12-month low of GBX 332.28 ($4.59) and a 12-month high of GBX 411.30 ($5.68).
The business also recently declared a dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, April 5th will be issued a dividend of GBX 28.60 ($0.40) per share. This is an increase from Direct Line Insurance Group’s previous dividend of $6.80. The ex-dividend date of this dividend is Thursday, April 5th. This represents a yield of 7.55%.
TRADEMARK VIOLATION WARNING: “Deutsche Bank Downgrades Direct Line Insurance Group (DLG) to Hold” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/03/21/direct-line-insurance-group-dlg-lowered-to-hold-at-deutsche-bank.html.
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.
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.