Sabre Insurance Group (LON:SBRE) Lifted to Buy at Berenberg Bank

Sabre Insurance Group (LON:SBREGet Rating) was upgraded by equities research analysts at Berenberg Bank to a “buy” rating in a research note issued to investors on Friday, Digital Look reports. The brokerage presently has a GBX 153 ($1.90) price objective on the stock, up from their prior price objective of GBX 93 ($1.16). Berenberg Bank’s price objective indicates a potential upside of 14.03% from the stock’s previous close.

SBRE has been the subject of several other reports. Peel Hunt reissued an “add” rating and issued a GBX 130 ($1.62) price objective on shares of Sabre Insurance Group in a report on Tuesday, March 14th. Shore Capital reduced their target price on Sabre Insurance Group from GBX 112 ($1.39) to GBX 93 ($1.16) and set a “hold” rating for the company in a report on Wednesday, March 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 147.17 ($1.83).

Sabre Insurance Group Stock Up 7.2 %

Sabre Insurance Group stock traded up GBX 8.98 ($0.11) during mid-day trading on Friday, hitting GBX 134.18 ($1.67). The company had a trading volume of 156,640 shares, compared to its average volume of 450,287. The stock has a market cap of £335.44 million, a price-to-earnings ratio of 3,354.40, a PEG ratio of 4.08 and a beta of 0.28. Sabre Insurance Group has a 1 year low of GBX 81.90 ($1.02) and a 1 year high of GBX 220 ($2.74). The company has a quick ratio of 0.21, a current ratio of 0.48 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of GBX 119.55 and a 200 day moving average of GBX 106.86.

About Sabre Insurance Group

(Get Rating)

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.

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