Sabre Insurance Group (LON:SBRE) Price Target Raised to GBX 195 at Berenberg Bank

Sabre Insurance Group (LON:SBRE) had its price target hoisted by Berenberg Bank from GBX 185 to GBX 195 in a research note issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 18.61% from the company’s current price.

Sabre Insurance Group Price Performance

SBRE opened at GBX 164.40 on Thursday. The company’s 50-day moving average is GBX 155.50 and its 200 day moving average is GBX 138.89. Sabre Insurance Group has a fifty-two week low of GBX 123 and a fifty-two week high of GBX 170.20. The firm has a market capitalization of £401.64 million, a P/E ratio of 10.77, a PEG ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 earnings per share for the quarter. Sabre Insurance Group had a net margin of 17.48% and a return on equity of 11.29%. On average, equities research analysts expect that Sabre Insurance Group will post 19.083558 earnings per share for the current year.

Insider Activity

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 72,426 shares of Sabre Insurance Group stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total value of £115,881.60. Also, insider Geoffrey Richard Carter sold 30,621 shares of Sabre Insurance Group stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 160, for a total transaction of £48,993.60. In the last ninety days, insiders acquired 364 shares of company stock worth $54,924 and sold 251,193 shares worth $40,190,880. Insiders own 1.35% of the company’s stock.

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.