Sabre Insurance Group (LON:SBRE) Price Target Raised to GBX 205

Sabre Insurance Group (LON:SBRE) had its price objective hoisted by Berenberg Bank from GBX 200 to GBX 205 in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 180 target price on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Peel Hunt reissued an “add” rating and set a GBX 200 price target on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 152 target price on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 184.25.

Sabre Insurance Group Price Performance

LON:SBRE opened at GBX 174 on Wednesday. The firm’s 50-day moving average price is GBX 173.65 and its 200-day moving average price is GBX 166.74. The company has a market capitalization of £420.10 million, a PE ratio of 11.65, a P/E/G ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 1-year low of GBX 123 and a 1-year high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 EPS for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Equities analysts anticipate that Sabre Insurance Group will post 19.083558 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 10,976 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total value of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total transaction of £16,420.80. 1.50% of the stock is currently owned by corporate insiders.

About Sabre Insurance Group

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. It offers taxi, private car, and motorcycle insurance through a network of insurance brokers, as well as through its Go Girl and Insure 2 Drive brands. The company was founded in 1982 and is based in Dorking, the United Kingdom.