Sabre Insurance Group (LON:SBRE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Sabre Insurance Group (LON:SBRE) had its price objective lifted by investment analysts at Royal Bank Of Canada from GBX 160 ($2.12) to GBX 170 ($2.26) in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 12.97% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 200 ($2.65) price objective on shares of Sabre Insurance Group in a research report on Thursday.

Sabre Insurance Group Stock Performance

Shares of Sabre Insurance Group stock opened at GBX 150.48 ($2.00) on Friday. The firm has a market cap of £374.95 million, a PE ratio of 12.70, a P/E/G ratio of 4.08 and a beta of 0.22. Sabre Insurance Group has a 52-week low of GBX 118.60 ($1.57) and a 52-week high of GBX 167 ($2.22). The business’s 50 day simple moving average is GBX 143.47 and its 200 day simple moving average is GBX 134.50.

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