Berenberg Bank Issues Pessimistic Forecast for Sabre Insurance Group (LON:SBRE) Stock Price

Sabre Insurance Group (LON:SBRE) had its target price dropped by equities researchers at Berenberg Bank from GBX 213 ($2.76) to GBX 210 ($2.72) in a report issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 68.00% from the stock’s previous close.

Sabre Insurance Group Stock Performance

Sabre Insurance Group stock remained flat at GBX 125 ($1.62) during midday trading on Monday. 889,647 shares of the company were exchanged, compared to its average volume of 435,098. The firm has a fifty day moving average of GBX 131.76 and a two-hundred day moving average of GBX 137.03. Sabre Insurance Group has a 1 year low of GBX 123 ($1.59) and a 1 year high of GBX 183.60 ($2.38). The firm has a market cap of £311.45 million, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

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.