Berenberg Bank Has Lowered Expectations for Sabre Insurance Group (LON:SBRE) Stock Price

Sabre Insurance Group (LON:SBRE) had its price target decreased by research analysts at Berenberg Bank from GBX 202 ($2.71) to GBX 200 ($2.69) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 33.33% from the stock’s current price.

Sabre Insurance Group Stock Down 1.3%

Shares of SBRE stock opened at GBX 150 ($2.01) on Wednesday. The company has a 50 day moving average price of GBX 139.87 and a 200-day moving average price of GBX 133.44. Sabre Insurance Group has a 52 week low of GBX 118.60 ($1.59) and a 52 week high of GBX 167 ($2.24). The firm has a market capitalization of £373.74 million, a PE ratio of 12.66, a P/E/G ratio of 4.08 and a beta of 0.22.

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.