Shares of Direct Line Insurance Group PLC (LON:DLG) reached a new 52-week low on Tuesday . The company traded as low as GBX 285 ($3.72) and last traded at GBX 286.80 ($3.75), with a volume of 319533 shares. The stock had previously closed at GBX 287.70 ($3.76).
A number of equities research analysts have recently weighed in on DLG shares. Morgan Stanley restated an “overweight” rating on shares of Direct Line Insurance Group in a research report on Wednesday, June 19th. Shore Capital restated a “buy” rating on shares of Direct Line Insurance Group in a research report on Wednesday, July 31st. Numis Securities downgraded Direct Line Insurance Group to a “reduce” rating in a research report on Thursday, May 9th. Deutsche Bank restated a “hold” rating on shares of Direct Line Insurance Group in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Direct Line Insurance Group from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “neutral” rating for the company in a research note on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Direct Line Insurance Group has a consensus rating of “Hold” and an average price target of GBX 356.91 ($4.66).
The company has a debt-to-equity ratio of 16.68, a current ratio of 0.55 and a quick ratio of 0.34. The business has a 50 day moving average of GBX 313.36 and a 200 day moving average of GBX 331.88. The firm has a market capitalization of $3.94 billion and a price-to-earnings ratio of 9.18.The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 8th will be paid a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 2.27%. Direct Line Insurance Group’s dividend payout ratio (DPR) is presently 0.67%.
About Direct Line Insurance Group (LON:DLG)
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. It operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. The company 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 for small and medium-sized enterprises.
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