Peel Hunt Reaffirms “Add” Rating for Sabre Insurance Group (SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “add” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Monday. They currently have a GBX 315 ($4.51) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 25.00% from the company’s current price.

SBRE has been the subject of a number of other reports. Barclays initiated coverage on shares of Sabre Insurance Group in a report on Tuesday, January 16th. They issued an “overweight” rating and a GBX 312 ($4.47) price objective for the company. Numis Securities initiated coverage on shares of Sabre Insurance Group in a report on Tuesday, January 16th. They issued a “buy” rating and a GBX 340 ($4.87) price objective for the company. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 263 ($3.77) price objective on shares of Sabre Insurance Group in a report on Tuesday, February 13th.

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Shares of SBRE opened at GBX 252 ($3.61) on Monday. Sabre Insurance Group has a fifty-two week low of GBX 238 ($3.41) and a fifty-two week high of GBX 296 ($4.24).

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings data on Thursday, March 22nd. The company reported GBX 14.50 ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 20.70 ($0.30) by GBX (6.20) (($0.09)). The business had revenue of £203.14 billion during the quarter. Sabre Insurance Group had a return on equity of 363.49% and a net margin of 25.18%.

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About Sabre Insurance Group

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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