Sabre Insurance Group PLC 6.4% potential upside indicated by Berenberg Bank

Sabre Insurance Group PLC with ticker (LON:SBRE) now has a potential upside of 6.4% according to Berenberg Bank.



Berenberg Bank set a target price of 153 GBX for the company, which when compared to the Sabre Insurance Group PLC share price of 144 GBX at opening today (31/05/2023) indicates a potential upside of 6.4%. Trading has ranged between 82 (52 week low) and 220 (52 week high) with an average of 366,493 shares exchanging hands daily. The market capitalisation at the time of writing is £362,999,992.

Sabre Insurance Group plc is a United Kingdom-based holding company. The Company is a listed motor insurer with a diversified, multi-channel distribution strategy, selling policies through a network of brokers and direct brands, including Go Girl, Insure 2 Drive and Drive Smart. The Company is engaged in the writing of general insurance for motor vehicles and motorcycles. It provides short-term motor insurance to clients, which comprises three lines of business, motor vehicle insurance and taxi insurance. It has a network of approximately 1,000 insurance brokers across the United Kingdom. Its Go Girl brand offers car insurance primarily to women and young female drivers. Its Go Girl brand offers motor insurance to vehicles, including modified and high-value cars as well as small vans in the United Kingdom and Northern Ireland. Its Insure 2 Drive brand primarily offers general insurance for motor vehicles. Its subsidiary is Binomial Group Limited.