Peel Hunt Reiterates Add Rating for Sabre Insurance Group (SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “add” rating restated by equities researchers at Peel Hunt in a report issued on Monday. They currently have a GBX 315 ($4.45) target price on the stock. Peel Hunt’s target price suggests a potential upside of 26.00% from the stock’s previous close.

A number of other research firms have also weighed in on SBRE. Barclays assumed coverage on shares of Sabre Insurance Group in a report on Tuesday, January 16th. They set an “overweight” rating and a GBX 312 ($4.41) price target for the company. Numis Securities assumed coverage on shares of Sabre Insurance Group in a report on Tuesday, January 16th. They set a “buy” rating and a GBX 340 ($4.81) price target for the company. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 263 ($3.72) price target on shares of Sabre Insurance Group in a report on Tuesday, February 13th.

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Shares of SBRE stock opened at GBX 250 ($3.53) on Monday. Sabre Insurance Group has a one year low of GBX 238 ($3.36) and a one year high of GBX 296 ($4.18).

Sabre Insurance Group (LON:SBRE) last released its quarterly earnings results on Thursday, March 22nd. The company reported GBX 14.50 ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 20.70 ($0.29) by GBX (6.20) (($0.09)). The firm had revenue of £203.14 billion for the quarter. Sabre Insurance Group had a net margin of 25.18% and a return on equity of 363.49%.

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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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