Sabre Insurance Group’s (SBRE) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of Sabre Insurance Group (LON:SBRE) in a report published on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 180 price objective on the stock.

A number of other analysts have also recently commented on SBRE. Berenberg Bank reiterated a “buy” rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 152 target price on shares of Sabre Insurance Group in a research note on Tuesday. Finally, Peel Hunt reiterated an “add” rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 183.

Sabre Insurance Group Trading Up 1.6%

SBRE stock opened at GBX 176.20 on Wednesday. The firm has a 50 day moving average of GBX 173.63 and a 200-day moving average of GBX 155.95. The company has a market cap of £426.47 million, a price-to-earnings ratio of 11.55, a PEG ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 12-month low of GBX 123 and a 12-month high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a return on equity of 14.67% and a net margin of 16.49%. Sell-side analysts forecast that Sabre Insurance Group will post 19.083558 earnings per share for the current fiscal year.

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.