Direct Line Insurance Group (LON:DLG) Given New GBX 215 Price Target at Berenberg Bank

Direct Line Insurance Group (LON:DLG) had its price target cut by Berenberg Bank from GBX 220 ($2.78) to GBX 215 ($2.72) in a research note published on Tuesday, Digital Look reports. They currently have a hold rating on the stock.

Separately, Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 195 ($2.47) target price on shares of Direct Line Insurance Group in a report on Monday, June 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of GBX 208 ($2.63).

Direct Line Insurance Group Price Performance

DLG stock traded up GBX 1.70 ($0.02) during mid-day trading on Tuesday, reaching GBX 196.70 ($2.49). 2,150,954 shares of the company traded hands, compared to its average volume of 4,652,822. Direct Line Insurance Group has a 52-week low of GBX 132.12 ($1.67) and a 52-week high of GBX 240.10 ($3.04). The company has a market capitalization of £2.56 billion, a P/E ratio of 1,311.33, 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 fifty day moving average price of GBX 198.90 and a 200-day moving average price of GBX 189.78.

Insider Buying and Selling

In other news, insider Adam Winslow sold 454,979 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of GBX 203 ($2.57), for a total transaction of £923,607.37 ($1,168,235.99). Over the last ninety days, insiders purchased 223 shares of company stock worth $44,838. Corporate insiders own 1.93% of the company’s stock.

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.