Direct Line Insurance Group (LON:DLG) Stock Passes Above 200 Day Moving Average – Here’s Why

Direct Line Insurance Group plc (LON:DLG)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 190.26 ($2.39) and traded as high as GBX 253.80 ($3.18). Direct Line Insurance Group shares last traded at GBX 250.15 ($3.14), with a volume of 13,006,425 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 240 ($3.01) price target on shares of Direct Line Insurance Group in a report on Thursday, September 5th.

Direct Line Insurance Group Stock Performance

The company has a market cap of £3.28 billion, a P/E ratio of 1,098.07, a PEG ratio of 2.42 and a beta of 0.42. The firm has a 50 day moving average of GBX 190.96 and a 200-day moving average of GBX 191.04. The company has a quick ratio of 0.28, a current ratio of 0.57 and a debt-to-equity ratio of 20.04.

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.