Direct Line Insurance Group (LON:DLG) PT Lowered to GBX 215 at Berenberg Bank

Direct Line Insurance Group (LON:DLG) had its price objective lowered by Berenberg Bank from GBX 220 ($2.78) to GBX 215 ($2.72) in a note issued to investors on Tuesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 9.30% from the stock’s previous close.

Separately, Royal Bank of Canada reissued 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 208 ($2.63).

Direct Line Insurance Group Price Performance

Shares of Direct Line Insurance Group stock traded up GBX 1.70 ($0.02) on Tuesday, reaching 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. Direct Line Insurance Group has a 1 year low of GBX 132.12 ($1.67) and a 1 year high of GBX 240.10 ($3.04). The company has a market cap of £2.56 billion, a P/E ratio of 1,312.67, a price-to-earnings-growth ratio of 2.22 and a beta of 0.44. The company has a current ratio of 8.31, a quick ratio of 0.28 and a debt-to-equity ratio of 18.89. The business’s 50 day moving average is GBX 198.90 and its two-hundred day moving average is GBX 189.78.

Insider Activity at Direct Line Insurance Group

In related news, insider Adam Winslow sold 454,979 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of GBX 203 ($2.57), for a total value of £923,607.37 ($1,168,235.99). Insiders have purchased 223 shares of company stock valued at $44,838 over the last three months. 1.93% of the stock is owned by corporate 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.