Royal Bank of Canada Reiterates “Sector perform” Rating for Direct Line Insurance Group (LON:DLG)

Royal Bank of Canada restated their sector perform rating on shares of Direct Line Insurance Group (LON:DLGFree Report) in a research note released on Monday morning, reports. The brokerage currently has a GBX 195 ($2.47) price objective on the stock.

A number of other equities research analysts have also weighed in on DLG. Berenberg Bank boosted their price objective on shares of Direct Line Insurance Group from GBX 195 ($2.47) to GBX 220 ($2.79) and gave the company a buy rating in a report on Wednesday, April 3rd. Barclays raised shares of Direct Line Insurance Group to an equal weight rating and boosted their price objective for the company from GBX 188 ($2.38) to GBX 219 ($2.78) in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Direct Line Insurance Group presently has an average rating of Moderate Buy and an average target price of GBX 209 ($2.65).

View Our Latest Stock Analysis on Direct Line Insurance Group

Direct Line Insurance Group Stock Performance

Shares of DLG stock opened at GBX 203.40 ($2.58) on Monday. The business’s fifty day simple moving average is GBX 198.64 and its 200-day simple moving average is GBX 189.55. The company has a market cap of ¬£2.64 billion, a PE ratio of 1,356.00, a PEG ratio of 2.22 and a beta of 0.44. The company has a current ratio of 8.31, a quick ratio of 0.28 and a debt-to-equity ratio of 18.89. Direct Line Insurance Group has a 12-month low of GBX 132.12 ($1.68) and a 12-month high of GBX 240.10 ($3.05).

Insider Buying and Selling at Direct Line Insurance Group

In other Direct Line Insurance Group news, insider Adam Winslow sold 454,979 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of GBX 203 ($2.58), for a total value of ¬£923,607.37 ($1,171,644.51). 1.93% of the stock is owned by corporate insiders.

About Direct Line Insurance Group

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Direct Line Insurance Group plc engages in the provision of 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, van, landlord, rescue, pet, tradesperson, business, creditor and select, and travel insurance products, as well as 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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