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

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 objective boosted by research analysts at Royal Bank Of Canada from GBX 160 ($2.11) to GBX 170 ($2.25) in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective indicates a potential upside of 13.03% from the stock's previous close.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 200 ($2.64) target price on shares of Sabre Insurance Group in a research note on Thursday.

Sabre Insurance Group Trading Down 1.7%

Shares of SBRE opened at GBX 150.40 ($1.99) on Friday. The firm has a market cap of £374.74 million, a PE ratio of 12.69, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The company's 50 day simple moving average is GBX 142.99 and its 200-day simple moving average is GBX 134.34. Sabre Insurance Group has a 12-month low of GBX 118.60 ($1.57) and a 12-month high of GBX 167 ($2.21).

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

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.

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