Brokerages Set Direct Line Insurance Group plc (LON:DLG) PT at GBX 212.50

Shares of Direct Line Insurance Group plc (LON:DLG) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 209 ($2.65).

Several equities research analysts have issued reports on the company. 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 note on Wednesday, April 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 195 ($2.47) price objective on shares of Direct Line Insurance Group in a research report on Monday, June 24th.

Insider Activity

In other news, insider Adam Winslow sold 454,979 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of GBX 203 ($2.58), for a total transaction of £923,607.37 ($1,171,644.51). Over the last quarter, insiders acquired 223 shares of company stock valued at $44,838. 1.93% of the stock is currently owned by company insiders.

Direct Line Insurance Group Stock Up 1.4 %

Shares of LON DLG opened at GBX 204.20 ($2.59) on Monday. The company has a market capitalization of £2.65 billion, a P/E ratio of 1,338.67, a P/E/G ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28. The company has a 50 day simple moving average of GBX 198.79 and a 200-day simple moving average of GBX 189.66. 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).

Direct Line Insurance Group Company Profile

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.