Sabre Insurance Group PLC 24.4% potential upside indicated by Berenberg Bank

Sabre Insurance Group PLC with ticker (LON:SBRE) now has a potential upside of 24.4% according to Berenberg Bank.

SBRE.L

Berenberg Bank set a target price of 216 GBX for the company, which when compared to the Sabre Insurance Group PLC share price of 174 GBX at opening today (06/06/2024) indicates a potential upside of 24.4%. Trading has ranged between 124 (52 week low) and 184 (52 week high) with an average of 981,745 shares exchanging hands daily. The market capitalisation at the time of writing is £411,920,013.

Sabre Insurance Group plc is a United Kingdom-based holding company. The Company is a motor insurer with a diverse, multi-channel distribution strategy. It is engaged in the writing of general insurance for motor vehicles and motorcycles. The Company provides short-term motor insurance to clients, which comprises three lines of business, Motor Vehicle insurance, Motorcycle insurance and Taxi insurance. It has a network of approximately 1,000 insurance brokers across the United Kingdom. It provides private car and motorbike insurance through a broad network of insurance brokers with car insurance also being sold directly through its Go Girl and Insure 2 Drive brands. Its Go Girl brand offers car insurance primarily to women and young female drivers. Its Insure 2 Drive brand offers motor insurance to vehicles, including modified and high-value cars as well as small vans in the United Kingdom and Northern Ireland. The Company’s subsidiary is Binomial Group Limited.