Direct Line Group (DLG) Receives “Add” Rating from Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Direct Line Group (LON:DLG) in a research note released on Monday morning. They currently have a GBX 415 ($5.94) target price on the stock.

A number of other research analysts also recently issued reports on DLG. Deutsche Bank reiterated a buy rating on shares of Direct Line Group in a research report on Monday, February 12th. Investec reiterated a buy rating and set a GBX 410 ($5.87) target price on shares of Direct Line Group in a research report on Monday, March 12th. Barclays upgraded shares of Direct Line Group to an overweight rating and boosted their target price for the company from GBX 384 ($5.50) to GBX 413 ($5.91) in a research report on Tuesday, February 6th. JPMorgan Chase reiterated an overweight rating and set a GBX 450 ($6.44) target price on shares of Direct Line Group in a research report on Wednesday, February 28th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Direct Line Group in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 412.53 ($5.91).

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Direct Line Group stock opened at GBX 358.90 ($5.14) on Monday. Direct Line Group has a 12-month low of GBX 332.28 ($4.76) and a 12-month high of GBX 411.30 ($5.89).

The firm also recently disclosed 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 ($0.41) per share. This is an increase from Direct Line 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%.

In other Direct Line Group news, insider Mike Holliday-Williams sold 94,921 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of GBX 374 ($5.36), for a total transaction of £355,004.54 ($508,311.20).

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Direct Line Group Company Profile

Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance products, such as business, van, and landlord insurance products for small and medium-size entities.

Analyst Recommendations for Direct Line Group (LON:DLG)

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