Sabre Insurance Group (LON:SBRE) had its target price decreased by equities researchers at Berenberg Bank from GBX 320 ($4.58) to GBX 311 ($4.45) in a research report issued on Monday, March 26th. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 23.41% from the company’s current price.
SBRE has been the subject of several other reports. Numis Securities cut shares of Sabre Insurance Group to an “add” rating and decreased their target price for the company from GBX 340 ($4.87) to GBX 330 ($4.73) in a research note on Thursday, March 22nd. Peel Hunt assumed coverage on shares of Sabre Insurance Group in a research note on Tuesday, January 16th. They issued an “add” rating and a GBX 315 ($4.51) target price for the company. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 312 ($4.47) price target on shares of Sabre Insurance Group in a report on Tuesday, February 6th.
Shares of LON:SBRE traded up GBX 5 ($0.07) during midday trading on Monday, hitting GBX 252 ($3.61). The stock had a trading volume of 202,143 shares, compared to its average volume of 249,083. Sabre Insurance Group has a 12 month low of GBX 238 ($3.41) and a 12 month high of GBX 296 ($4.24).
Sabre Insurance Group (LON:SBRE) last released its earnings results on Thursday, March 22nd. The company reported GBX 14.50 ($0.21) earnings per share for the quarter, missing the consensus estimate of GBX 20.70 ($0.30) by GBX (6.20) (($0.09)). Sabre Insurance Group had a net margin of 25.18% and a return on equity of 363.49%. The firm had revenue of £203.14 billion during the quarter.
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Sabre Insurance Group Company Profile
Sabre Insurance Group plc is a United Kingdom-based provider of motor insurance company. The Company underwrites motor insurance including private cars, taxis, and commercial vehicles through intermediaries. The Company’s three direct brands include Go Girl, Insure2Drive and Drive Smart. Go Girl policy provides up to £1,500 cover (per policy period) in the event that policy holder home, office or vehicle keys or locks are damaged, stolen or lost.
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