Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for Direct Line Insurance Group (LON:DLG)


Direct Line Insurance Group (LON:DLG – Get Rating)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Wednesday, MarketBeat reports. They currently have a GBX 240 ($2.94) target price on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.36% from the company’s previous close.

DLG has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Direct Line Insurance Group from GBX 315 ($3.86) to GBX 240 ($2.94) and set a “neutral” rating on the stock in a research note on Friday, July 15th. Berenberg Bank increased their price target on shares of Direct Line Insurance Group from GBX 262 ($3.21) to GBX 266 ($3.26) and gave the stock a “buy” rating in a research note on Wednesday. Barclays reissued an “equal weight” rating and issued a GBX 323 ($3.96) target price on shares of Direct Line Insurance Group in a research note on Tuesday, July 19th. Jefferies Financial Group downgraded shares of Direct Line Insurance Group to a “ hold” rating and cut their target price for the company from GBX 330 ($4.04) to GBX 215 ($2.63) in a research note on Monday, July 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 360 ($4.41) target price on shares of Direct Line Insurance Group in a rese arch note on Friday, May 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 282.30 ($3.46).

Direct Line Insurance Group Stock Up 1.3%

Shares of LON DLG opened at GBX 204.50 ($2.51) on Wednesday. The company has a debt-to-equity ratio of 22.69, a quick ratio of 0.30 and a current ratio of 0.55. The firm has a market cap of £2.68 billion and a P/E ratio of 852.08. Direct Line Insurance Group has a 1 year low of GBX 184.55 ($2.26) and a 1 year high of GBX 318.80 ($3.91). The firm’s 50 day moving average price is GBX 235.25 and its 200 day moving average price is GBX 261.29.

Direct Line Insurance Group Company Profile

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Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, rescue, travel, creditor, and pet insurance products , as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.

Further Reading

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



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