Direct Line Insurance Group (LON:DLG) was upgraded by stock analysts at Barclays to an “overweight” rating in a research note issued on Tuesday, February 6th. The firm presently has a GBX 413 ($5.71) price objective on the stock, up from their previous price objective of GBX 384 ($5.31). Barclays’ target price suggests a potential upside of 5.92% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Numis Securities reiterated an “add” rating and issued a GBX 455 ($6.29) price objective on shares of Direct Line Insurance Group in a report on Thursday, February 1st. Deutsche Bank reiterated a “buy” rating and issued a GBX 440 ($6.08) price objective on shares of Direct Line Insurance Group in a report on Wednesday, November 8th. reiterated a “buy” rating on shares of Direct Line Insurance Group in a report on Thursday, November 9th. HSBC reiterated a “buy” rating and issued a GBX 440 ($6.08) price objective on shares of Direct Line Insurance Group in a report on Thursday, November 23rd. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 360 ($4.97) price objective on shares of Direct Line Insurance Group in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 416.20 ($5.75).
Direct Line Insurance Group (LON DLG) traded up GBX 1.90 ($0.03) on Tuesday, hitting GBX 389.90 ($5.39). The stock had a trading volume of 3,035,672 shares, compared to its average volume of 4,010,000. The stock has a market capitalization of $5,360.00 and a P/E ratio of 1,624.58. Direct Line Insurance Group has a 1 year low of GBX 328.40 ($4.54) and a 1 year high of GBX 411.30 ($5.68).In other Direct Line Insurance Group news, insider Danuta Gray purchased 10,000 shares of Direct Line Insurance Group stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average price of GBX 359 ($4.96) per share, for a total transaction of £35,900 ($49,599.34). Also, insider Penny James acquired 135,983 shares of the business’s stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of GBX 368 ($5.08) per share, for a total transaction of £500,417.44 ($691,375.30). In the last 90 days, insiders have purchased 146,106 shares of company stock worth $53,676,926.
About Direct Line Insurance Group
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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