Direct Line Insurance Group (LON:DLG) Sets New 52-Week High – Still a Buy?

Direct Line Insurance Group plc (LON:DLG)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 257.60 ($3.23) and last traded at GBX 253.38 ($3.18), with a volume of 4441624 shares trading hands. The stock had previously closed at GBX 253.80 ($3.18).

Analysts Set New Price Targets

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

Direct Line Insurance Group Trading Down 0.2 %

The firm’s fifty day moving average is GBX 193.79 and its 200-day moving average is GBX 191.72. The firm has a market cap of £3.29 billion, a price-to-earnings ratio of 1,101.66, a price-to-earnings-growth ratio of 2.42 and a beta of 0.42. The company has a debt-to-equity ratio of 20.04, a current ratio of 0.57 and a quick ratio of 0.28.

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.