Sabre Insurance Group (LON:SBRE) Given “Buy” Rating at Berenberg Bank

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat reports. They presently have a GBX 205 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 23.05% from the company’s previous close.

Other research analysts have also issued reports about the company. Peel Hunt reiterated an “add” rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Jefferies Financial Group restated a “hold” rating and issued a GBX 152 target price on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada restated 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. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sabre Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 189.25.

Sabre Insurance Group Trading Up 0.4%

Shares of SBRE opened at GBX 166.60 on Tuesday. The stock has a market cap of £402.23 million, a PE ratio of 11.16, a PEG 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. The stock has a 50 day simple moving average of GBX 173.03 and a 200-day simple moving average of GBX 168.34.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.33 EPS for the quarter. Sabre Insurance Group had a return on equity of 14.67% and a net margin of 16.49%. On average, sell-side analysts forecast that Sabre Insurance Group will post 19.08 EPS for the current fiscal year.

Insider Activity

In other news, insider Adam Richard Westwood sold 10,976 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total transaction of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of Sabre Insurance Group stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total transaction of £16,420.80. Insiders have acquired 345 shares of company stock worth $59,872 over the last ninety days. Insiders own 1.49% of the company’s stock.

Sabre Insurance Group Company Profile

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.