Berenberg Bank started coverage on shares of Sabre Insurance Group (LON:SBRE) in a research report sent to investors on Tuesday morning. The brokerage issued a buy rating and a GBX 320 ($4.34) target price on the stock.

Sabre Insurance Group (LON:SBRE) traded up GBX 3 ($0.04) on Tuesday, reaching GBX 280 ($3.80). 324,553 shares of the company’s stock were exchanged, compared to its average volume of 455,365. 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 cap of $692.50 and a price-to-earnings ratio of 1,400.00.

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About Sabre Insurance Group

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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