Direct Line Insurance Group PLC (DLG) Given Consensus Rating of “Hold” by Analysts

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Shares of Direct Line Insurance Group PLC (LON:DLG) have earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 397.83 ($5.30).

DLG has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of Direct Line Insurance Group to a “neutral” rating and dropped their price objective for the stock from GBX 450 ($5.99) to GBX 430 ($5.72) in a research note on Thursday, May 3rd. Deutsche Bank cut shares of Direct Line Insurance Group to a “hold” rating and dropped their price objective for the stock from GBX 440 ($5.86) to GBX 400 ($5.33) in a research note on Tuesday, March 13th. Peel Hunt reissued an “add” rating and issued a GBX 415 ($5.53) price objective on shares of Direct Line Insurance Group in a research note on Monday, April 16th. Morgan Stanley lifted their price objective on shares of Direct Line Insurance Group from GBX 449 ($5.98) to GBX 452 ($6.02) and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Numis Securities reissued an “add” rating on shares of Direct Line Insurance Group in a research note on Wednesday, May 2nd.

In other news, insider Jane Hanson purchased 11,083 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The stock was purchased at an average cost of GBX 361 ($4.81) per share, with a total value of £40,009.63 ($53,268.05). Also, insider Mike Holliday-Williams sold 94,921 shares of Direct Line Insurance Group stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of GBX 374 ($4.98), for a total transaction of £355,004.54 ($472,646.17).

Shares of Direct Line Insurance Group opened at GBX 356.80 ($4.75) on Friday, Marketbeat.com reports. Direct Line Insurance Group has a 52 week low of GBX 332.28 ($4.42) and a 52 week high of GBX 411.30 ($5.48).

About Direct Line Insurance Group

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 personal motor, home, and rescue insurance products, as well as other personal line insurance products, including travel, pet, and creditor products; and commercial insurance products, such as business, van, and landlord insurance products for small and medium-size entities.

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

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