Direct Line Insurance Group (LON:DLG) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Direct Line Insurance Group plc (LON:DLG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 188.78 ($2.38) and traded as high as GBX 249.60 ($3.15). Direct Line Insurance Group shares last traded at GBX 246.80 ($3.11), with a volume of 2,764,910 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 240 ($3.03) target price on shares of Direct Line Insurance Group in a research report on Thursday, September 5th.

Direct Line Insurance Group Trading Up 0.3 %

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 business’s fifty day moving average is GBX 183.50 and its 200 day moving average is GBX 189.11. The stock has a market cap of £3.21 billion, a PE ratio of 1,073.04, a P/E/G 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.