Direct Line Insurance Group’s (DLG) “Sector perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Direct Line Insurance Group (LON:DLG) in a research report report published on Monday, Marketbeat Ratings reports. They currently have a GBX 195 ($2.47) price objective on the stock.

Several other brokerages have also recently issued reports on DLG. Berenberg Bank raised their target price on Direct Line Insurance Group from GBX 195 ($2.47) to GBX 220 ($2.79) and gave the stock a buy rating in a research report on Wednesday, April 3rd. Barclays raised shares of Direct Line Insurance Group to an equal weight rating and raised their price objective for the stock 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 given a buy rating to the stock. According to data from MarketBeat, Direct Line Insurance Group has a consensus rating of Moderate Buy and a consensus price target of GBX 209 ($2.65).

Direct Line Insurance Group Stock Performance

DLG stock opened at GBX 202.40 ($2.57) on Monday. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28. Direct Line Insurance Group has a 1 year low of GBX 132.12 ($1.68) and a 1 year high of GBX 240.10 ($3.05). The company has a market cap of £2.63 billion, a P/E ratio of 1,349.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.44. The stock’s fifty day moving average price is GBX 197.98 and its 200-day moving average price is GBX 189.32.

Insider Buying and Selling at Direct Line Insurance Group

In related news, insider Adam Winslow sold 454,979 shares of the stock in a transaction that occurred 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). Over the last quarter, insiders purchased 229 shares of company stock valued at $44,766. Company insiders own 1.93% of the company’s stock.

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.