Sabre Insurance Group (SBRE) Rating Reiterated by Berenberg Bank

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report issued on Tuesday. They currently have a GBX 263 ($3.63) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 0.77% from the stock’s previous close.

Several other brokerages have also recently weighed in on SBRE. Barclays started coverage on Sabre Insurance Group in a report on Tuesday, January 16th. They set an “overweight” rating and a GBX 312 ($4.31) price objective for the company. Peel Hunt reissued an “add” rating and set a GBX 315 ($4.35) price objective on shares of Sabre Insurance Group in a report on Monday, January 22nd. Finally, Numis Securities started coverage on Sabre Insurance Group in a report on Tuesday, January 16th. They set a “buy” rating and a GBX 340 ($4.70) price objective for the company.

Sabre Insurance Group (LON:SBRE) traded up GBX 1 ($0.01) during trading on Tuesday, hitting GBX 261 ($3.61). The company had a trading volume of 13,878 shares, compared to its average volume of 128,187. Sabre Insurance Group has a fifty-two week low of GBX 238 ($3.29) and a fifty-two week high of GBX 296 ($4.09). The company has a market capitalization of $650.00 and a PE ratio of 1,305.00.

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About Sabre Insurance Group

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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