Direct Line Insurance Group (LON:DLG) Stock Price Passes Above 200 Day Moving Average - Here's Why

Direct Line Insurance Group plc (LON:DLG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 188.78 ($2.38) and traded as high as GBX 249.60 ($3.15). Direct Line Insurance Group shares last traded at GBX 246.80 ($3.11), with a volume of 2,764,910 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 240 ($3.03) target price on shares of Direct Line Insurance Group in a research report on Thursday, September 5th.

Direct Line Insurance Group Price Performance

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 has a fifty day moving average of GBX 183.50 and a 200 day moving average of GBX 189.11. The firm has a market cap of £3.21 billion, a P/E ratio of 1,073.04, a PEG ratio of 2.42 and a beta of 0.42.

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.