Direct Line Insurance Group (LON:DLG) Reaches New 12-Month High – Still a Buy?

Shares of Direct Line Insurance Group plc (LON:DLG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 257.60 ($3.22) and last traded at GBX 255.76 ($3.20), with a volume of 6690362 shares traded. The stock had previously closed at GBX 255.20 ($3.19).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 240 ($3.00) target price on shares of Direct Line Insurance Group in a research report on Thursday, September 5th.

Direct Line Insurance Group Price Performance

The stock has a market cap of £3.32 billion, a P/E ratio of 1,112.01, a price-to-earnings-growth ratio of 2.42 and a beta of 0.42. The company has a quick ratio of 0.28, a current ratio of 0.57 and a debt-to-equity ratio of 20.04. The business’s 50-day simple moving average is GBX 199.74 and its two-hundred day simple moving average is GBX 193.01.

About Direct Line Insurance Group

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.