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

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report released on Tuesday, Marketbeat reports. They currently have a GBX 185 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 32.14% from the company’s current price.

Sabre Insurance Group Stock Performance

SBRE traded up GBX 11 on Tuesday, reaching GBX 140. The company had a trading volume of 2,114,290 shares, compared to its average volume of 791,956. The stock has a market cap of £342.49 million, a P/E ratio of 8.82, a P/E/G ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a fifty-two week low of GBX 118.60 and a fifty-two week high of GBX 160.20. The company’s fifty day moving average is GBX 131.61 and its 200 day moving average is GBX 132.69.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings data on Tuesday, March 10th. The company reported GBX 15.37 earnings per share (EPS) for the quarter. Sabre Insurance Group had a return on equity of 12.01% and a net margin of 16.66%. On average, sell-side analysts expect that Sabre Insurance Group will post 19.083558 EPS 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.