Published On: Sat, Sep 17th, 2016

Direct Line Insurance Group PLC (DLG) Earns Equal weight Rating from Barclays PLC

Direct Line Insurance Group PLC (LON:DLG)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays PLC in a report issued on Wednesday. They currently have a GBX 366 ($4.87) price target on the stock. Barclays PLC’s price objective indicates a potential downside of 1.29% from the company’s current price.
A number of other equities analysts have also recently issued reports on DLG. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 410 ($5.46) target price on shares of Direct Line Insurance Group PLC in a report on Thursday, July 28th. Peel Hunt reiterated a “hold” rating and issued a GBX 370 ($4.93) target price on shares of Direct Line Insurance Group PLC in a report on Tuesday, June 14th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 385 ($5.13) target price on shares of Direct Line Insurance Group PLC in a report on Wednesday, June 1st. Canaccord Genuity increased their target price on Direct Line Insurance Group PLC from GBX 380 ($5.06) to GBX 420 ($5.59) and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, Morgan Stanley increased their target price on Direct Line Insurance Group PLC from GBX 409 ($5.45) to GBX 443 ($5.90) and gave the stock an “equal weight” rating in a report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 391 ($5.21).
Shares of Direct Line Insurance Group PLC (LON:DLG) opened at 370.80 on Wednesday. The firm’s market cap is GBX 5.07 billion. The stock’s 50 day moving average is GBX 374.33 and its 200 day moving average is GBX 365.76. Direct Line Insurance Group PLC has a 12 month low of GBX 323.00 and a 12 month high of GBX 418.90.

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The firm also recently announced a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 11th were given a dividend of GBX 14.90 ($0.20) per share. This represents a dividend yield of 3.73%. The ex-dividend date was Thursday, August 11th.
About Direct Line Insurance Group PLC
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 Company, and the receipt and payment of dividends. Its operating segments include Motor, Home, Rescue and other personal lines, Commercial and Run-off.

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