Sabre Insurance Group's (SBRE) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Sabre Insurance Group (SBRE) with a target price of GBX 200, indicating a potential upside of 38.89% from the current stock price.
• Royal Bank of Canada has also increased its price objective for SBRE to GBX 170, maintaining an "outperform" rating.
• The stock currently holds a consensus rating of "Buy" with a price target of GBX 185, showcasing positive investor sentiment.

Sabre Insurance Group (LON:SBRE - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a report issued on Wednesday, MarketBeat reports. They presently have a GBX 200 price objective on the stock. Berenberg Bank's price target points to a potential upside of 46.20% from the company's previous close.

Separately, Royal Bank Of Canada upped their price target on Sabre Insurance Group from GBX 160 to GBX 170 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 185.

Sabre Insurance Group Stock Down 1.6%

Shares of SBRE traded down GBX 2.20 on Wednesday, hitting GBX 136.80. The company's stock had a trading volume of 559,846 shares, compared to its average volume of 602,303. The firm's fifty day moving average price is GBX 148.15 and its 200-day moving average price is GBX 137.19. Sabre Insurance Group has a fifty-two week low of GBX 118.60 and a fifty-two week high of GBX 160.20. The firm has a market capitalization of £335.98 million, a price-to-earnings ratio of 861.46, a P/E/G ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported GBX 7.64 earnings per share (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, equities analysts predict that Sabre Insurance Group will post 19.083558 earnings per share 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.