Direct Line Insurance Group (LON:DLG) Reaches New 1-Year High – Here’s Why

Direct Line Insurance Group plc (LON:DLG) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 257.60 ($3.22) and last traded at GBX 255.76 ($3.20), with a volume of 6690362 shares changing hands. The stock had previously closed at GBX 255.20 ($3.19).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 240 ($3.00) price target on shares of Direct Line Insurance Group in a research report on Thursday, September 5th.

Direct Line Insurance Group Stock Up 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 stock has a 50 day moving average price of GBX 199.74 and a 200-day moving average price of GBX 193.01. The stock has a market capitalization of £3.32 billion, a P/E ratio of 1,112.01, 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.