Berenberg Bank Forecasts Strong Price Appreciation for Sabre Insurance Group (LON:SBRE) Stock

Sabre Insurance Group (LON:SBRE) had its price target boosted by equities research analysts at Berenberg Bank from GBX 200 to GBX 205 in a note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 17.28% from the company’s current price.

A number of other research firms have also weighed in on SBRE. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 152 price objective on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Peel Hunt reiterated an “add” rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 180 target price on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sabre Insurance Group presently has an average rating of “Moderate Buy” and an average price target of GBX 184.25.

Sabre Insurance Group Stock Performance

Shares of SBRE stock opened at GBX 174.80 on Wednesday. The stock has a market capitalization of £422.03 million, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The company has a 50 day moving average price of GBX 173.88 and a 200 day moving average price of GBX 166.69. Sabre Insurance Group has a fifty-two week low of GBX 123 and a fifty-two week high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last released its earnings results on Tuesday, August 4th. The company reported GBX 7.33 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. On average, research analysts forecast that Sabre Insurance Group will post 19.083558 EPS for the current fiscal year.

Insider Transactions at Sabre Insurance Group

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 10,976 shares of Sabre Insurance Group stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total transaction of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total value of £16,420.80. 1.50% of the stock is owned by insiders.

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.