Direct Line Insurance Group (LON:DLG) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Direct Line Insurance Group plc (LON:DLG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 190.26 ($2.39) and traded as high as GBX 253.80 ($3.18). Direct Line Insurance Group shares last traded at GBX 250.15 ($3.14), with a volume of 13,006,425 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 240 ($3.01) target price on shares of Direct Line Insurance Group in a research note on Thursday, September 5th.

Direct Line Insurance Group Stock Up 0.1 %

The company has a quick ratio of 0.28, a current ratio of 0.57 and a debt-to-equity ratio of 20.04. The stock has a market cap of £3.28 billion, a PE ratio of 1,098.07, a P/E/G ratio of 2.42 and a beta of 0.42. The business has a 50 day moving average price of GBX 190.96 and a 200 day moving average price of GBX 191.04.

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.