Sabre Insurance Group (LON:SBRE) had its price target cut by equities research analysts at Berenberg Bank from GBX 300 ($3.92) to GBX 295 ($3.85) in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 14.12% from the stock’s current price.
A number of other equities analysts have also weighed in on SBRE. Barclays decreased their price target on Sabre Insurance Group from GBX 296 ($3.87) to GBX 273 ($3.57) and set an “equal weight” rating for the company in a research report on Friday. Numis Securities reiterated a “hold” rating on shares of Sabre Insurance Group in a research report on Thursday. Canaccord Genuity reiterated a “hold” rating and issued a GBX 310 ($4.05) price target on shares of Sabre Insurance Group in a research report on Wednesday, April 10th. Finally, Peel Hunt reiterated a “buy” rating on shares of Sabre Insurance Group in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 299.60 ($3.91).
LON:SBRE opened at GBX 258.50 ($3.38) on Friday. Sabre Insurance Group has a 1-year low of GBX 235 ($3.07) and a 1-year high of GBX 301 ($3.93). The firm has a market capitalization of $653.75 million and a P/E ratio of 13.06.
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. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart.
Receive News & Ratings for Sabre Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.