Berenberg Bank Lowers Sabre Insurance Group (LON:SBRE) Price Target to GBX 210

Sabre Insurance Group (LON:SBRE) had its price objective reduced by research analysts at Berenberg Bank from GBX 213 ($2.76) to GBX 210 ($2.72) in a research report issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 68.00% from the stock’s previous close.

Sabre Insurance Group Stock Performance

Shares of LON SBRE remained flat at GBX 125 ($1.62) during trading on Monday. The company’s stock had a trading volume of 889,647 shares, compared to its average volume of 435,098. Sabre Insurance Group has a 52 week low of GBX 123 ($1.59) and a 52 week high of GBX 183.60 ($2.38). The firm has a 50 day moving average of GBX 131.76 and a 200-day moving average of GBX 137.03. The company has a market cap of £311.45 million, a P/E ratio of 10.55, 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.