Sabre Insurance Group (LON:SBRE) Stock Keeps Buy Rating at Berenberg Bank

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report issued on Tuesday, October 20th, MarketBeat Ratings reports. They presently have a GBX 205 target price on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 20.59% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 180 price target on shares of Sabre Insurance Group in a report on Wednesday, August 5th. Peel Hunt reaffirmed an “add” rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 152 target price on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 189.25.

Sabre Insurance Group Stock Performance

Sabre Insurance Group stock opened at GBX 170 on Tuesday. The stock has a 50-day simple moving average of GBX 172.75 and a 200 day simple moving average of GBX 159.63. The stock has a market capitalization of £410.44 million, a P/E ratio of 11.39, a PEG ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 52 week low of GBX 123 and a 52 week high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Research analysts forecast that Sabre Insurance Group will post 19.08 earnings per share for the current year.

Insider Activity

In other news, insider Adam Richard Westwood sold 10,976 shares of the stock in a transaction on 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 stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total value of £16,420.80. In the last three months, insiders have acquired 345 shares of company stock valued at $59,872. Insiders own 1.49% of the company’s stock.

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.