Direct Line Insurance Group plc (LON:DLG – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 206.34 ($2.55) and traded as low as GBX 173.65 ($2.15). Direct Line Insurance Group shares last traded at GBX 175.70 ($2.18), with a volume of 4,661,531 shares traded.
Wall Street Analyst Weigh In
Several research analysts have commented on DLG shares. Berenberg Bank dropped their price objective on shares of Direct Line Insurance Group from GBX 266 ($3.29) to GBX 259 ($3.21) and set a “buy” rating for the company in a research note on Wednesday, November 9th. JPMorgan Chase & Co. lowered their target price on shares of Direct Line Insurance Group from GBX 230 ($2.85) to GBX 220 ($2.72) and set a “neutral” rating for the company in a research note on Wednesday, November 9th. Barclays reissued an “equal weight” rating and set a GBX 278 ($3.44) target price on shares of Direct Line Insurance Group in a research note on Wednesday, November 9th. Citigroup downgraded shares of Direct Line Insurance Group to a “sell” rating in a report on Tuesday. Finally, Royal Bank of Canada dropped their target price on Direct Line Insurance Group from GBX 270 ($3.34) to GBX 260 ($3.22) and set an “outperform” rating on the stock in a research report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 253.38 ($3.14).
Direct Line Insurance Group Stock Performance
The company has a market cap of £2.26 billion and a price-to-earnings ratio of 862.50. The company has a quick ratio of 0.28, a current ratio of 0.53 and a debt-to-equity ratio of 16.65. The firm has a 50-day simple moving average of GBX 208.97 and a 200 day simple moving average of GBX 205.86.
About Direct Line Insurance Group
Direct Line Insurance Group plc provides 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, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises.
- Is The Bottom In For Cyber-Security Stocks?
- Union Pacific, Norfolk Southern Pull into Buying Zone
- Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
- How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
- Is the Pain Over for Baudax Bio Investors after a 70% Spike?
Receive News & Ratings for Direct Line Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direct Line Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.