Sabre Insurance Group (SBRE) Coverage Initiated at Numis Securities
Numis Securities assumed coverage on shares of Sabre Insurance Group (LON:SBRE) in a research note issued to investors on Tuesday morning. The firm issued a buy rating and a GBX 340 ($4.61) price target on the stock.
A number of other research firms have also weighed in on SBRE. Barclays initiated coverage on Sabre Insurance Group in a report on Tuesday. They issued an overweight rating and a GBX 312 ($4.23) target price on the stock. Berenberg Bank initiated coverage on Sabre Insurance Group in a report on Tuesday. They issued a buy rating and a GBX 320 ($4.34) target price on the stock. Finally, Peel Hunt initiated coverage on Sabre Insurance Group in a report on Tuesday. They issued an add rating and a GBX 315 ($4.27) target price on the stock.
Sabre Insurance Group (SBRE) traded down GBX 3 ($0.04) during mid-day trading on Tuesday, hitting GBX 279 ($3.78). The stock had a trading volume of 108,729 shares, compared to its average volume of 467,317. Sabre Insurance Group has a 52 week low of GBX 238 ($3.23) and a 52 week high of GBX 296 ($4.01). The company has a market capitalization of $705.00 and a price-to-earnings ratio of 1,395.00.
Sabre Insurance Group plc is a United Kingdom-based provider of motor insurance company. The Company underwrites motor insurance including private cars, taxis, and commercial vehicles through intermediaries. The Company’s three direct brands include Go Girl, Insure2Drive and Drive Smart. Go Girl policy provides up to �1,500 cover (per policy period) in the event that policy holder home, office or vehicle keys or locks are damaged, stolen or lost.
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