Direct Line Insurance Group (LON:DLG) Sets New 52-Week High – Still a Buy?

Shares of Direct Line Insurance Group plc (LON:DLG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 257.60 ($3.23) and last traded at GBX 253.38 ($3.18), with a volume of 4441624 shares traded. The stock had previously closed at GBX 253.80 ($3.18).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated 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 Down 0.2 %

The company has a debt-to-equity ratio of 20.04, a current ratio of 0.57 and a quick ratio of 0.28. The company has a 50 day moving average of GBX 193.79 and a 200-day moving average of GBX 191.72. The company has a market capitalization of £3.29 billion, a P/E ratio of 1,101.66, a PEG ratio of 2.42 and a beta of 0.42.

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.