Direct Line Insurance Group plc (LON:DLG – Get Rating) insider Penny James sold 218,040 shares of Direct Line Insurance Group stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of GBX 222 ($2.66), for a total value of £484,048.80 ($579,075.01).
Direct Line Insurance Group Trading Down 1.3 %
LON:DLG traded down GBX 2.70 ($0.03) on Tuesday, reaching GBX 213 ($2.55). The company’s stock had a trading volume of 5,166,500 shares, compared to its average volume of 4,708,870. 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 market cap of £2.79 billion and a price-to-earnings ratio of 1,063.00. Direct Line Insurance Group plc has a 12-month low of GBX 171.70 ($2.05) and a 12-month high of GBX 313.70 ($3.75). The stock has a 50 day moving average price of GBX 200.11 and a 200 day moving average price of GBX 218.66.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on DLG. Royal Bank of Canada reduced their price target on Direct Line Insurance Group from GBX 270 ($3.23) to GBX 260 ($3.11) and set an “outperform” rating for the company in a research report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Direct Line Insurance Group from GBX 230 ($2.75) to GBX 225 ($2.69) and set a “hold” rating on the stock in a research note on Wednesday, November 9th. Berenberg Bank lowered their price target on Direct Line Insurance Group from GBX 266 ($3.18) to GBX 259 ($3.10) and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Credit Suisse Group lowered their price target on Direct Line Insurance Group from GBX 250 ($2.99) to GBX 240 ($2.87) and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. Finally, Barclays reaffirmed an “equal weight” rating and issued a GBX 278 ($3.33) price target on shares of Direct Line Insurance Group in a research note on Wednesday, November 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 253.38 ($3.03).
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Direct Line Insurance Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Direct Line Insurance Group wasn’t on the list.
While Direct Line Insurance Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Direct Line Insurance Group plc (LON:DLG) Insider Sells £484,048.80 in Stock