Sabre Insurance Group (LON:SBRE) Announces Quarterly Earnings Results

Key Points

• Sabre Insurance Group reported earnings of GBX 7.64 ($0.10) per share for the quarter, with a net margin of 12.82% and a return on equity of 12.19%.
• Analyst upgrades include a price target increase from GBX 160 ($2.11) to GBX 170 ($2.25) by Royal Bank Of Canada, while Berenberg Bank maintained a "buy" rating with a target price of GBX 200 ($2.64).
• The company's shares opened at GBX 150.80 ($1.99) and have a market capitalization of £375.73 million.

Sabre Insurance Group (LON:SBRE - Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 7.64 ($0.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Sabre Insurance Group had a return on equity of 12.19% and a net margin of 12.82%.

Sabre Insurance Group Stock Performance

Shares of Sabre Insurance Group stock traded up GBX 1.19 ($0.02) during trading hours on Tuesday, hitting GBX 151.39 ($2.01). The company's stock had a trading volume of 625,847 shares, compared to its average volume of 619,422. The business has a 50 day moving average price of GBX 143.95 and a two-hundred day moving average price of GBX 134.62. Sabre Insurance Group has a 12-month low of GBX 118.60 ($1.58) and a 12-month high of GBX 167 ($2.22). The company has a market cap of £377.21 million, a PE ratio of 12.77, a PEG ratio of 4.08 and a beta of 0.22.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Sabre Insurance Group from GBX 160 ($2.13) to GBX 170 ($2.26) and gave the company an "outperform" rating in a research report on Friday. Berenberg Bank restated a "buy" rating and issued a GBX 200 ($2.66) price target on shares of Sabre Insurance Group in a research report on Thursday, July 31st.

Sabre Insurance Group Company Profile

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. It offers taxi, private car, and motorcycle insurance through a network of insurance brokers, as well as through its Go Girl and Insure 2 Drive brands. The company was founded in 1982 and is based in Dorking, the United Kingdom.