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

Sabre Insurance Group (LON:SBRE) had its target price reduced by analysts at Berenberg Bank from GBX 213 ($2.76) to GBX 210 ($2.72) in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 68.54% from the company’s previous close.

Sabre Insurance Group Stock Performance

Shares of LON:SBRE traded down GBX 0.40 ($0.01) during trading on Monday, reaching GBX 124.60 ($1.61). The stock had a trading volume of 969,219 shares, compared to its average volume of 436,689. The business has a fifty day moving average price of GBX 131.76 and a 200-day moving average price 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 stock has a market cap of £310.45 million, a PE ratio of 10.51, a PEG 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.