Royal Bank of Canada Reaffirms “Outperform” Rating for Direct Line Insurance Group (LON:DLG)

Direct Line Insurance Group (LON:DLG)‘s stock had its “outperform” rating reissued by Royal Bank of Canada in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also recently commented on the company. UBS Group reaffirmed a “neutral” rating on shares of Direct Line Insurance Group in a research report on Thursday, November 21st. Shore Capital reissued a “buy” rating on shares of Direct Line Insurance Group in a report on Thursday, November 21st. Berenberg Bank lowered their price objective on Direct Line Insurance Group from GBX 344 ($4.53) to GBX 331 ($4.35) and set a “hold” rating on the stock in a research note on Thursday, August 29th. Peel Hunt restated an “add” rating and issued a GBX 350 ($4.60) price objective on shares of Direct Line Insurance Group in a research note on Monday, September 16th. Finally, Goldman Sachs Group upped their price objective on shares of Direct Line Insurance Group from GBX 290 ($3.81) to GBX 315 ($4.14) and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 336.09 ($4.42).

Direct Line Insurance Group stock opened at GBX 295.30 ($3.88) on Wednesday. Direct Line Insurance Group has a twelve month low of GBX 266.70 ($3.51) and a twelve month high of GBX 366.60 ($4.82). The firm has a 50 day moving average price of GBX 287.21 and a 200-day moving average price of GBX 304.54. The company has a market capitalization of $4.10 billion and a P/E ratio of 9.46. The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 16.68.

About Direct Line Insurance Group

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

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