Berenberg Bank Lowers Direct Line Insurance Group (LON:DLG) Price Target to GBX 215

Direct Line Insurance Group (LON:DLG) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 220 ($2.78) to GBX 215 ($2.72) in a report issued on Tuesday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 9.30% from the company’s previous close.

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 195 ($2.47) price target on shares of Direct Line Insurance Group in a report on Monday, June 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 208 ($2.63).

Direct Line Insurance Group Trading Up 0.9 %

Shares of DLG stock opened at GBX 196.70 ($2.49) on Tuesday. Direct Line Insurance Group has a 12-month low of GBX 132.12 ($1.67) and a 12-month high of GBX 240.10 ($3.04). The company has a market capitalization of £2.56 billion, a P/E ratio of 1,311.33, a P/E/G ratio of 2.22 and a beta of 0.44. The firm has a 50-day moving average price of GBX 199.04 and a 200 day moving average price of GBX 189.83. The company has a quick ratio of 0.28, a current ratio of 8.31 and a debt-to-equity ratio of 18.89.

Insiders Place Their Bets

In other Direct Line Insurance Group news, insider Adam Winslow sold 454,979 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of GBX 203 ($2.57), for a total value of £923,607.37 ($1,168,235.99). Over the last three months, insiders purchased 223 shares of company stock valued at $44,838. Insiders own 1.93% of the company’s stock.

Direct Line Insurance Group Company Profile

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.