Sabre Insurance Group (LON:SBRE) Earns “Buy” Rating from Berenberg Bank

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 200 ($2.65) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 32.90% from the company’s current price.

Sabre Insurance Group Price Performance

SBRE stock opened at GBX 150.48 ($2.00) on Thursday. The company has a 50 day moving average price of GBX 143.47 and a 200 day moving average price of GBX 134.48. Sabre Insurance Group has a fifty-two week low of GBX 118.60 ($1.57) and a fifty-two week high of GBX 167 ($2.22). The stock has a market capitalization of £374.95 million, a PE ratio of 12.70, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 7.64 ($0.10) earnings per share for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. As a group, equities analysts expect that Sabre Insurance Group will post 19.083558 earnings per share for the current fiscal 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.