Investor Outlook: Direct Line Insurance Group PLC (LON:DLG) “Overweight” Rating Reaffirmed by JP Morgan Cazenove Today


Direct Line Insurance Group PLC (LON:DLG) Rating Reaffirmed

In a very recent research note finalized on Tuesday morning, JP Morgan Cazenove reiterated their “Overweight” rating on Direct Line Insurance Group PLC (LON:DLG) shares.

From a total of 17 analysts covering Direct Line Insurance Group PLC (LON:DLG) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is GBX 439 while the lowest target price is GBX 297. The mean of all analyst targets is GBX 383.21 with a -6.43% below today’s (GBX 409) stock price. Direct Line Insurance Group PLC was the topic of 27 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on November 25 with “Buy” rating. Canaccord Genuity maintained shares with “Buy” rating and GBX 375 target share price in a report from a November 3. Macquarie Research maintained DLG stock in a recent report from November 4 with “Underperform” rating. RBC Capital Markets maintained the rating on November 3. RBC Capital Markets has a “Outperform” rating and a GBX 400 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a November 4.

The stock closed the day at GBX 409 during the previous session. It is down 26.55% since May 11, 2015 and is uptrending. It has outperformed by 27.63% the S&P500.

Investor Outlook: Direct Line Insurance Group PLC (LON:DLG)

Direct Line Insurance Group plc is a United Kingdom personal motor and home insurer. The company has a market cap of 5.62 billion GBP. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. It has 12.81 P/E ratio. The Company’s operating divisions include Motor, Home, Rescue and other personal lines, Commercial and Run-off.