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

Sabre Insurance Group plc (LON:SBREGet Rating) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, 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

(Get Rating)

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.

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Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

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