Berenberg Bank Begins Coverage on Sabre Insurance Group (SBRE)

Berenberg Bank began coverage on shares of Sabre Insurance Group (LON:SBRE) in a report released on Tuesday. The brokerage issued a buy rating and a GBX 320 ($4.34) price target on the stock.

Shares of Sabre Insurance Group (LON SBRE) traded down GBX 3 ($0.04) during trading hours on Tuesday, hitting GBX 279 ($3.78). The stock had a trading volume of 108,729 shares, compared to its average volume of 467,317. The firm has a market cap of $705.00 and a P/E ratio of 1,395.00. Sabre Insurance Group has a 12 month low of GBX 238 ($3.23) and a 12 month high of GBX 296 ($4.01).

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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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