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The latest announcement is out from Direct Line Insurance ( (GB:DLG) ).
Direct Line Insurance Group PLC has applied for the admission of up to 20,100,000 ordinary shares to the Official List of the FCA and trading on the London Stock Exchange. This move is part of a scheme of arrangement under which Aviva plc will acquire Direct Line’s entire share capital, with the sanction expected by 1 July 2025. The new shares will align with existing shares, and trading is anticipated to commence on 24 June 2025.
The most recent analyst rating on (GB:DLG) stock is a Hold with a £1.85 price target. To see the full list of analyst forecasts on Direct Line Insurance stock, see the GB:DLG Stock Forecast page.
Spark’s Take on GB:DLG Stock
According to Spark, TipRanks’ AI Analyst, GB:DLG is a Neutral.
Direct Line Insurance’s mixed financial performance, with revenue growth offset by declining margins and cash flow issues, is the most significant factor affecting its score. Positive technical indicators and strategic corporate events offer some optimism, but valuation concerns persist.
To see Spark’s full report on GB:DLG stock, click here.
More about Direct Line Insurance
Direct Line Insurance Group PLC operates in the insurance industry, offering a range of insurance products and services primarily focused on the UK market. The company is known for providing car, home, travel, and pet insurance, among other coverage options.
Average Trading Volume: 4,857,172
Technical Sentiment Signal: Buy
Current Market Cap: £4B
See more data about DLG stock on TipRanks’ Stock Analysis page.