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

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 200 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 13.42% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Peel Hunt reiterated an “add” rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a research report on Tuesday. Royal Bank Of Canada upped their price target on shares of Sabre Insurance Group from GBX 160 to GBX 180 and gave the company a “sector perform” rating in a research note on Friday, July 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 152 price target on shares of Sabre Insurance Group in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Sabre Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 183.

Sabre Insurance Group Stock Up 0.8%

Shares of LON:SBRE opened at GBX 176.33 on Wednesday. Sabre Insurance Group has a 12-month low of GBX 123 and a 12-month high of GBX 188.80. The business has a 50 day moving average of GBX 172.37 and a 200-day moving average of GBX 155.22. The stock has a market cap of £428.85 million, a PE ratio of 11.55, a P/E/G ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last announced its earnings results on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a return on equity of 11.29% and a net margin of 17.48%. Equities research analysts expect 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.