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

Direct Line Insurance Group (LON:DLG) had its target price trimmed by Berenberg Bank from GBX 220 ($2.78) to GBX 215 ($2.72) in a research note published on Tuesday morning, Digital Look reports. The brokerage currently has a hold rating on the stock.

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

Direct Line Insurance Group Price Performance

Shares of DLG stock traded up GBX 1.70 ($0.02) during trading hours on Tuesday, hitting GBX 196.70 ($2.49). The stock had a trading volume of 2,150,954 shares, compared to its average volume of 4,652,822. The stock’s 50-day moving average price is GBX 198.90 and its two-hundred day moving average price is GBX 189.78. Direct Line Insurance Group has a one year low of GBX 132.12 ($1.67) and a one year high of GBX 240.10 ($3.04). The stock has a market capitalization of £2.56 billion, a price-to-earnings ratio of 1,311.33, a PEG ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 18.89, a current ratio of 8.31 and a quick ratio of 0.28.

Insider Transactions at Direct Line Insurance Group

In other news, insider Adam Winslow sold 454,979 shares of the company’s stock in a transaction that occurred 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). In the last quarter, insiders bought 223 shares of company stock worth $44,838. 1.93% of the stock is currently owned by insiders.

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.