Berenberg Bank Reaffirms “Buy” Rating for Sabre Insurance Group (LON:SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Tuesday, October 20th, MarketBeat reports. They presently have a GBX 205 price objective on the stock. Berenberg Bank‘s price target would suggest a potential upside of 20.73% from the stock’s previous close.

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

Sabre Insurance Group Stock Up 0.2%

Shares of LON:SBRE traded up GBX 0.40 during midday trading on Tuesday, reaching GBX 169.80. The company’s stock had a trading volume of 133,496 shares, compared to its average volume of 1,232,360. The firm has a market capitalization of £409.96 million, a PE ratio of 11.37, a P/E/G ratio of 4.08 and a beta of 0.07. The stock has a fifty day moving average of GBX 172.75 and a 200 day moving average of GBX 159.63. Sabre Insurance Group has a twelve month low of GBX 123 and a twelve month high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last announced its 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%. Sell-side analysts anticipate that Sabre Insurance Group will post 19.08 earnings per share for the current fiscal year.

Insider Activity at Sabre Insurance Group

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 9,330 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total value of £16,420.80. Also, insider Adam Richard Westwood sold 10,976 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total transaction of £19,427.52. Over the last quarter, insiders have acquired 345 shares of company stock worth $59,872. Corporate 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.