Royal Bank Of Canada Boosts Sabre Insurance Group (LON:SBRE) Price Target to GBX 170

Key Points

• Royal Bank of Canada has raised its price target for Sabre Insurance Group from GBX 160 to GBX 170, suggesting a potential upside of 13.03% from the stock's previous close.
• Berenberg Bank has also given a "buy" rating with a higher target price of GBX 200 for the shares of Sabre Insurance Group.
• Shares of Sabre Insurance Group are currently trading slightly lower, at GBX 150.40, with the company having a market cap of £374.74 million and a PE ratio of 12.69.

Sabre Insurance Group (LON:SBRE - Get Free Report) had its price target upped by research analysts at Royal Bank Of Canada from GBX 160 ($2.13) to GBX 170 ($2.26) in a research note issued on Friday, Marketbeat reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 12.29% from the stock's current price.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 200 ($2.66) target price on shares of Sabre Insurance Group in a research report on Thursday, July 31st.

Sabre Insurance Group Stock Performance

Shares of Sabre Insurance Group stock traded up GBX 1.19 ($0.02) on Friday, reaching GBX 151.39 ($2.01). 625,847 shares of the company were exchanged, compared to its average volume of 619,422. Sabre Insurance Group has a 1-year low of GBX 118.60 ($1.58) and a 1-year high of GBX 167 ($2.22). The firm has a market cap of £377.21 million, a price-to-earnings ratio of 12.77, a P/E/G ratio of 4.08 and a beta of 0.22. The company's 50-day moving average is GBX 143.95 and its two-hundred day moving average is GBX 134.62.

Sabre Insurance Group (LON:SBRE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported GBX 7.64 ($0.10) EPS for the quarter. Sabre Insurance Group had a return on equity of 12.19% and a net margin of 12.82%. As a group, sell-side analysts forecast that Sabre Insurance Group will post 19.083558 earnings per share for the current year.

About Sabre Insurance Group

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.