Direct Line Insurance Group (DLG) Earns “Outperform” Rating from Credit Suisse Group
Direct Line Insurance Group (LON:DLG)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a research note issued on Monday.
A number of other analysts have also commented on the stock. HSBC restated a “buy” rating and set a GBX 440 ($6.08) price target on shares of Direct Line Insurance Group in a research note on Thursday, November 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 450 ($6.22) price target on shares of Direct Line Insurance Group in a research note on Tuesday, October 24th. Shore Capital restated a “sell” rating on shares of Direct Line Insurance Group in a research note on Tuesday, November 7th. Barclays decreased their price target on shares of Direct Line Insurance Group from GBX 359 ($4.96) to GBX 358 ($4.95) and set an “equal weight” rating for the company in a research note on Monday, December 11th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Direct Line Insurance Group in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 418.71 ($5.78).
Shares of Direct Line Insurance Group (LON:DLG) opened at GBX 385.80 ($5.33) on Monday. The firm has a market cap of $5,300.00 and a price-to-earnings ratio of 1,607.50. Direct Line Insurance Group has a one year low of GBX 328.40 ($4.54) and a one year high of GBX 411.30 ($5.68).
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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