Direct Line Insurance Group PLC -8.5% potential downside indicated by Berenberg Bank

Direct Line Insurance Group PLC with ticker (LON:DLG) now has a potential downside of -8.5% according to Berenberg Bank.



Berenberg Bank set a target price of 161 GBX for the company, which when compared to the Direct Line Insurance Group PLC share price of 176 GBX at opening today (19/09/2023) indicates a potential downside of -8.5%. Trading has ranged between 132 (52 week low) and 239 (52 week high) with an average of 4,269,748 shares exchanging hands daily. The market capitalisation at the time of writing is £2,374,268,014.

Direct Line Insurance Group plc is a United Kingdom-based company. The principal activity of the Company is managing its investments in subsidiaries, providing loans to those subsidiaries, raising funds for the Group and the receipt and payment of dividends. The Company’s segments include Motor, Home, Rescue and other personal lines, and Commercial. The Motor segment consists of personal motor insurance together with the associated legal protection cover. The Home segment consists of home insurance together with associated legal protection cover. The Rescue and other personal lines segment consist of rescue products, which are sold direct through the Groups own brand, Green Flag, and other personal lines insurance. The Commercial segment consists of commercial insurance for small and medium-sized enterprises sold through the Group’s brands NIG, Direct Line for Business and Churchill. NIG sells its products through brokers operating across the United Kingdom.