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Direct Line Insurance Group plc (DIISY)
Other OTC - Other OTC Delayed Price. Currency in USD
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Share price has been steadily increasing now since I last posted and could improve further leading up to the Spring dividend - it's the larger of the two dividends and usually includes an additional 'specia' payment too.
Shares in Direct Line have not been this low since 2014, incredible low valuation at present! Considering the forecast of DLG is an average of 382 across 16 analysts and they paid out 28.6 pence dividends last April.
Direct Line share price has had a 12% upward swing so far this year, it still has momentum and support after a positive end of year report and announcing the increased dividend. The share price could reach 380 by the time it goes ex-dividend( in my opinion).
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Any ideas to the poor performance of this share over the past few months? I cannot read any reason why this appears so cheap?
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