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

Direct Line Insurance Group (LON:DLG - Free Report) had its target price reduced by Berenberg Bank from GBX 220 ($2.78) to GBX 215 ($2.72) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

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

Direct Line Insurance Group Price Performance

Shares of Direct Line Insurance Group stock traded up GBX 1.70 ($0.02) on Tuesday, hitting GBX 196.70 ($2.49). The company's stock had a trading volume of 1,459,474 shares, compared to its average volume of 4,652,822. The company has a debt-to-equity ratio of 18.89, a quick ratio of 0.28 and a current ratio of 8.31. Direct Line Insurance Group has a 1 year low of GBX 132.12 ($1.67) and a 1 year high of GBX 240.10 ($3.04). The firm has a fifty day moving average price of GBX 199.04 and a 200-day moving average price of GBX 189.83. The company has a market capitalization of £2.56 billion, a price-to-earnings ratio of 1,311.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.44.

Insider Activity at Direct Line Insurance Group

In other Direct Line Insurance Group news, insider Adam Winslow sold 454,979 shares of the company's stock in a transaction on 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 three months, insiders have acquired 223 shares of company stock worth $44,838. Insiders own 1.93% of the company's stock.

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.