Deutsche Bank Cuts Direct Line Insurance Group (LON:DLG) Price Target to GBX 355

Direct Line Insurance Group (LON:DLG) had its target price reduced by Deutsche Bank from GBX 360 ($4.74) to GBX 355 ($4.67) in a research note issued to investors on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Morgan Stanley raised their price objective on shares of Direct Line Insurance Group from GBX 330 ($4.34) to GBX 350 ($4.60) and gave the stock an equal weight rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised shares of Direct Line Insurance Group to an overweight rating and raised their price objective for the stock from GBX 345 ($4.54) to GBX 350 ($4.60) in a report on Monday, March 9th. Barclays raised their price objective on shares of Direct Line Insurance Group from GBX 341 ($4.49) to GBX 342 ($4.50) and gave the stock an equal weight rating in a report on Monday, February 3rd. UBS Group reaffirmed a neutral rating on shares of Direct Line Insurance Group in a report on Friday, March 20th. Finally, Goldman Sachs Group raised their price objective on shares of Direct Line Insurance Group from GBX 290 ($3.81) to GBX 315 ($4.14) and gave the stock a neutral rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Direct Line Insurance Group currently has a consensus rating of Hold and an average target price of GBX 343.17 ($4.51).

LON DLG opened at GBX 260.30 ($3.42) on Monday. The firm has a market cap of $3.63 billion and a P/E ratio of 8.91. The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 15.91. The company’s 50 day moving average is GBX 308.98 and its 200-day moving average is GBX 303.84. Direct Line Insurance Group has a 12-month low of GBX 266.70 ($3.51) and a 12-month high of GBX 366.60 ($4.82).

The firm also recently disclosed a dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, April 9th will be issued a GBX 14.40 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, April 9th. This is an increase from Direct Line Insurance Group’s previous dividend of $7.20. This represents a yield of 4.61%. Direct Line Insurance Group’s dividend payout ratio (DPR) is 0.75%.

Direct Line Insurance Group Company Profile

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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