Berenberg Bank Issues Pessimistic Forecast for Sabre Insurance Group (LON:SBRE) Stock Price

Sabre Insurance Group (LON:SBRE - Get Free Report) had its price target lowered by equities research analysts at Berenberg Bank from GBX 202 ($2.71) to GBX 200 ($2.68) in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 33.33% from the company's current price.

Sabre Insurance Group Price Performance

Shares of SBRE remained flat at GBX 150 ($2.01) during mid-day trading on Wednesday. The stock had a trading volume of 235,366 shares, compared to its average volume of 637,400. Sabre Insurance Group has a fifty-two week low of GBX 118.60 ($1.59) and a fifty-two week high of GBX 167 ($2.24). The stock's fifty day moving average price is GBX 139.87 and its 200-day moving average price is GBX 133.44. The stock has a market cap of £373.74 million, a P/E ratio of 12.66, a P/E/G ratio of 4.08 and a beta of 0.22.

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.