Direct Line Insurance Group (LON:DLG) Shares Pass Below Two Hundred Day Moving Average of $206.34

Direct Line Insurance Group plc (LON:DLG – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 206.34 ($2.55) and traded as low as GBX 173.65 ($2.15). Direct Line Insurance Group shares last traded at GBX 175.70 ($2.18), with a volume of 4,661,531 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on DLG. Citigroup cut shares of Direct Line Insurance Group to a “sell” rating in a report on Tuesday. Royal Bank of Canada reduced their price target on shares of Direct Line Insurance Group from GBX 270 ($3.34) to GBX 260 ($3.22) and set an “outperform” rating on the stock in a research report on Wednesday, November 16th. Berenberg Bank lowered their price target on Direct Line Insurance Group from GBX 266 ($3.29) to GBX 259 ($3.21) and set a “buy” rating for the company in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Direct Line Insurance Group from GBX 230 ($2.85) to GBX 225 ($2.79) and set a “hold” rating for the company in a research report on Wednesday, November 9th. Finally, Barclays reiterated an “equal weight” rating and set a GBX 278 ($3.44) price objective on shares of Direct Line Insurance Group in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 253.38 ($3.14).

Direct Line Insurance Group Stock Performance

The company has a debt-to-equity ratio of 16.65, a current ratio of 0.53 and a quick ratio of 0.28. The firm has a fifty day moving average price of GBX 208.97 and a two-hundred day moving average price of GBX 205.86. The stock has a market capitalization of £2.26 billion and a PE ratio of 862.50.

Insider Buying and Selling at Direct Line Insurance Group

In other news, insider Penny James sold 218,040 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of GBX 222 ($2.75), for a total transaction of £484,048.80 ($599,292.81).

About Direct Line Insurance Group

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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.