Direct Line Insurance Group (DLG) Upgraded to “Buy” by Deutsche Bank

Deutsche Bank upgraded shares of Direct Line Insurance Group (LON:DLG) to a buy rating in a research report sent to investors on Tuesday morning. Deutsche Bank currently has GBX 390 ($5.10) price objective on the stock, up from their previous price objective of GBX 380 ($4.97).

DLG has been the topic of several other reports. Morgan Stanley decreased their price target on shares of Direct Line Insurance Group from GBX 452 ($5.91) to GBX 435 ($5.68) and set an overweight rating on the stock in a research note on Monday, July 9th. JPMorgan Chase & Co. decreased their price target on shares of Direct Line Insurance Group from GBX 430 ($5.62) to GBX 395 ($5.16) and set a neutral rating on the stock in a research note on Wednesday, June 27th. Peel Hunt reissued an add rating and issued a GBX 400 ($5.23) price target on shares of Direct Line Insurance Group in a research note on Monday, July 16th. Barclays downgraded shares of Direct Line Insurance Group to an equal weight rating and decreased their price target for the stock from GBX 420 ($5.49) to GBX 357 ($4.66) in a research note on Friday, July 6th. Finally, UBS Group reissued a buy rating and issued a GBX 420 ($5.49) price target on shares of Direct Line Insurance Group in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Direct Line Insurance Group currently has a consensus rating of Hold and a consensus price target of GBX 403.25 ($5.27).

Shares of LON DLG opened at GBX 323.70 ($4.23) on Tuesday. Direct Line Insurance Group has a 52-week low of GBX 332.28 ($4.34) and a 52-week high of GBX 411.30 ($5.37).

Direct Line Insurance Group (LON:DLG) last posted its quarterly earnings results on Wednesday, August 1st. The company reported GBX 16.70 ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 14.20 ($0.19) by GBX 2.50 ($0.03). Direct Line Insurance Group had a net margin of 9.36% and a return on equity of 11.77%.

In other Direct Line Insurance Group news, insider Penny James sold 69,998 shares of Direct Line Insurance Group stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of GBX 339 ($4.43), for a total transaction of £237,293.22 ($310,065.62).

About Direct Line Insurance Group

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.

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Analyst Recommendations for Direct Line Insurance Group (LON:DLG)

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