Sabre Insurance Group plc (LON:SBRE) Given Average Rating of “Moderate Buy” by Brokerages

Sabre Insurance Group plc (LON:SBRE – Get Rating) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 147.17 ($1.83).

Several equities analysts have weighed in on the stock. Shore Capital lowered their price target on shares of Sabre Insurance Group from GBX 112 ($1.39) to GBX 93 ($1.16) and set a “hold” rating on the stock in a report on Wednesday, March 22nd. Peel Hunt reaffirmed an “add” rating and set a GBX 130 ($1.62) price target on shares of Sabre Insurance Group in a report on Tuesday, March 14th. Numis Securities reaffirmed a “buy” rating and set a GBX 165 ($2.05) price target on shares of Sabre Insurance Group in a report on Thursday. Finally, Berenberg Bank raised shares of Sabre Insurance Group to a “buy” rating and boosted their target price for the stock from GBX 93 ($1.16) to GBX 153 ($1.90) in a report on Friday.

Sabre Insurance Group Stock Performance

LON SBRE traded up GBX 10 ($0.12) during trading hours on Friday, hitting GBX 135.20 ($1.68). 289,512 shares of the company’s stock traded hands, compared to its average volume of 451,672. The business’s fifty day moving average price is GBX 119.55 and its two-hundred day moving average price is GBX 106.86. The company has a current ratio of 0.48, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of £338.00 million, a P/E ratio of 3,380.00, a P/E/G ratio of 4.08 and a beta of 0.28. Sabre Insurance Group has a 52 week low of GBX 81.90 ($1.02) and a 52 week high of GBX 220 ($2.74).

Sabre Insurance Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, April 20th will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, April 20th. This represents a yield of 1.76%. Sabre Insurance Group’s dividend payout ratio is currently 17,500.00%.

About Sabre Insurance Group

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Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.