Sabre Insurance Group’s (SBRE) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Sabre Insurance Group (LON:SBRE – Free Report) in a research note released on Wednesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 200 price objective on the stock.

Several other equities research analysts have also recently weighed in on SBRE. Peel Hunt reiterated an “add” rating and issued a GBX 200 price objective on shares of Sabre Insurance Group in a report on Tuesday. Royal Bank Of Canada boosted their target price on 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 restated a “hold” rating and set a GBX 152 target price on shares of Sabre Insurance Group in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 183.

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Sabre Insurance Group Trading Up 1.6%

SBRE stock opened at GBX 176.20 on Wednesday. The stock has a market capitalization of £426.47 million, a price-to-earnings ratio of 11.55, a PEG ratio of 4.08 and a beta of 0.07. The firm’s 50-day moving average price is GBX 173.63 and its two-hundred day moving average price is GBX 155.95. Sabre Insurance Group has a 12-month low of GBX 123 and a 12-month high of GBX 188.80.

Sabre Insurance Group (LON:SBRE – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Equities analysts predict that Sabre Insurance Group will post 19.083558 EPS for the current year.

Sabre Insurance Group Company Profile

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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.

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