Berenberg Bank Reiterates Buy Rating for Sabre Insurance Group (LON:SBRE)

Key Points

• Berenberg Bank has reaffirmed a buy rating for Sabre Insurance Group (SBRE), setting a target price of GBX 200 ($2.65), indicating a potential upside of 30.89% from the last close.
• Sabre Insurance Group's shares rose by 3.1% to reach GBX 152.80 ($2.03) during trading, with a trading volume of 485,441 shares.
• The company reported an earnings per share (EPS) of GBX 7.64 ($0.10) for the last quarter, alongside a net margin of 12.82% and a return on equity of 12.19%.

Sabre Insurance Group (LON:SBRE - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 200 ($2.66) price objective on the stock. Berenberg Bank's price objective would suggest a potential upside of 32.76% from the company's current price.

Sabre Insurance Group Stock Up 0.1%

Shares of SBRE traded up GBX 0.16 ($0.00) on Thursday, hitting GBX 150.65 ($2.00). 686,767 shares of the stock traded hands, compared to its average volume of 619,742. The firm has a market capitalization of £375.35 million, a P/E ratio of 12.71, a P/E/G ratio of 4.08 and a beta of 0.22. The stock's 50 day moving average is GBX 143.47 and its two-hundred day moving average is GBX 134.50. Sabre Insurance Group has a 1 year low of GBX 118.60 ($1.58) and a 1 year high of GBX 167 ($2.22).

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) earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. Research analysts forecast that Sabre Insurance Group will post 19.083558 EPS 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.