Brokerages Set Direct Line Insurance Group plc (LON:DLG) Target Price at GBX 212.50

Direct Line Insurance Group plc (LON:DLG) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 209 ($2.65).

DLG has been the topic of a number of analyst reports. Berenberg Bank upped their target price on Direct Line Insurance Group from GBX 195 ($2.47) to GBX 220 ($2.79) and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 195 ($2.47) price objective on shares of Direct Line Insurance Group in a research report on Monday, June 24th.

Direct Line Insurance Group Price Performance

DLG stock opened at GBX 204.20 ($2.59) on Monday. The stock has a market cap of £2.65 billion, a PE ratio of 1,338.67, a P/E/G ratio of 2.22 and a beta of 0.44. Direct Line Insurance Group has a 12 month low of GBX 132.12 ($1.68) and a 12 month high of GBX 240.10 ($3.05). The company has a 50-day moving average price of GBX 198.79 and a 200 day moving average price of GBX 189.66. The company has a current ratio of 8.31, a quick ratio of 0.28 and a debt-to-equity ratio of 18.89.

Insider Buying and Selling at Direct Line Insurance Group

In related news, insider Adam Winslow sold 454,979 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of GBX 203 ($2.58), for a total value of £923,607.37 ($1,171,644.51). Insiders bought a total of 223 shares of company stock valued at $44,838 in the last ninety days. Corporate 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.