Berenberg Bank Reaffirms “Buy” Rating for Sabre Insurance Group (LON:SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 185 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 32.14% from the company’s previous close.

Sabre Insurance Group Stock Performance

SBRE traded up GBX 11 during trading on Tuesday, reaching GBX 140. 2,114,290 shares of the stock were exchanged, compared to its average volume of 791,956. The stock’s 50 day moving average price is GBX 131.61 and its two-hundred day moving average price is GBX 132.69. Sabre Insurance Group has a twelve month low of GBX 118.60 and a twelve month high of GBX 160.20. The stock has a market cap of £342.49 million, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 16.66% and a return on equity of 12.01%. Equities research 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.