Sabre Insurance Group (LON:SBRE) Releases 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 LON SBRE traded up GBX 0.16 ($0.00) during mid-day trading on Monday, reaching GBX 150.65 ($2.00). 686,767 shares of the company traded hands, compared to its average volume of 619,742. The stock has a market cap of £375.35 million, a PE ratio of 12.71, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The company's fifty day moving average is GBX 143.47 and its two-hundred day moving average is GBX 134.50. Sabre Insurance Group has a fifty-two week low of GBX 118.60 ($1.57) and a fifty-two week high of GBX 167 ($2.22).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SBRE shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 200 ($2.66) price target on shares of Sabre Insurance Group in a research note on Thursday. Royal Bank Of Canada raised their price target on Sabre Insurance Group from GBX 160 ($2.12) to GBX 170 ($2.26) and gave the stock an "outperform" rating in a research note on Friday.

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.