Barclays Reiterates Underweight Rating for Direct Line Insurance Group (LON:DLG)

Direct Line Insurance Group (LON:DLG – Get Free Report)‘s stock had its “underweight” rating reiterated by equities research analysts at Barclays in a research note issued on Friday, MarketBeat.com reports. They currently have a GBX 166 ($2.10) price target on the stock. Barclays‘s price objective suggests a potential downside of 8.54% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 152 ($1.92) target price on shares of Direct Line Insurance Group in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 175.25 ($2.21).

Get Direct Line Insurance Group alerts:

View Our Latest Research Report on Direct Line Insurance Group

Direct Line Insurance Group Stock Performance

Shares of DLG opened at GBX 181.50 ($2.29) on Friday. The stock has a 50 day moving average of GBX 152 and a 200 day moving average of GBX 157.27. The company has a market capitalization of £2.38 billion, a price-to-earnings ratio of -4,537.50, a PEG ratio of 2.22 and a beta of 0.33. Direct Line Insurance Group has a 12 month low of GBX 132.12 ($1.67) and a 12 month high of GBX 238.60 ($3.01). The company has a current ratio of 0.56, a quick ratio of 0.28 and a debt-to-equity ratio of 17.83.

About Direct Line Insurance Group

(Get Free Report)

Direct Line Insurance Group plc engages in the provision of general insurance products and services in the United Kingdom. The company operates through four segments: Motor, Home, Rescue and Other Personal Lines, and Commercial. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.

Featured Articles

• Five stocks we like better than Direct Line Insurance Group
• How to Effectively Use the MarketBeat Ratings Screener
• MarketBeat Week in Review – 9/4 – 9/8
• How to Invest in Cybersecurity
• The Best 5 Small Cap AI Companies to Buy Now
• Stock Market Sectors: What Are They and How Many Are There? 
• Miso Robotics Stock: Is an IPO Coming Soon?

Receive News & Ratings for Direct Line Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direct Line Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.