Brokerages Set Direct Line Insurance Group plc (LON:DLG) Target Price at GBX 212.50

Direct Line Insurance Group plc (LON:DLG) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 209 ($2.65).

A number of research firms have recently weighed in on DLG. Barclays upgraded shares of Direct Line Insurance Group to an “equal weight” rating and increased their target price for the stock from GBX 188 ($2.38) to GBX 219 ($2.78) in a report on Thursday, February 29th. Berenberg Bank upped their price target on shares of Direct Line Insurance Group from GBX 195 ($2.47) to GBX 220 ($2.79) and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 195 ($2.47) price objective on shares of Direct Line Insurance Group in a research report on Monday.

Insiders Place Their Bets

In related news, insider Adam Winslow sold 454,979 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was 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 currently owned by company insiders.

Direct Line Insurance Group Price Performance

Shares of LON:DLG opened at GBX 201.40 ($2.55) on Monday. Direct Line Insurance Group has a fifty-two week low of GBX 132.12 ($1.68) and a fifty-two week high of GBX 240.10 ($3.05). The company’s 50-day moving average is GBX 198.23 and its 200 day moving average is GBX 189.37. The company has a market capitalization of £2.62 billion, a P/E ratio of 1,342.67, a price-to-earnings-growth ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 18.89, a quick ratio of 0.28 and a current ratio of 8.31.

About Direct Line Insurance Group

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.