Direct Line Insurance Group (LON:DLG) Reaches New 52-Week High – Here’s Why

Shares of Direct Line Insurance Group plc (LON:DLG) reached a new 52-week high on Wednesday . The stock traded as high as GBX 241 ($3.05) and last traded at GBX 236.80 ($3.00), with a volume of 4915195 shares trading hands. The stock had previously closed at GBX 230.60 ($2.92).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 240 ($3.04) target price on shares of Direct Line Insurance Group in a research note on Thursday, September 5th.

Direct Line Insurance Group Stock Up 2.7 %

The firm’s 50-day moving average price is GBX 175.69 and its 200 day moving average price is GBX 186.86. The firm has a market cap of £3.08 billion, a P/E ratio of 1,002.61, 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.

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.