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

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Tuesday, London Stock Exchange reports. They presently have a GBX 205 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 19.59% from the company’s current price.

A number of other equities analysts have also recently weighed in on SBRE. Peel Hunt reissued an “add” rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a report 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 report on Tuesday, August 4th. Finally, Royal Bank Of Canada reaffirmed 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 184.25.

Sabre Insurance Group Stock Down 7.5%

Shares of SBRE stock opened at GBX 171.42 on Tuesday. The business has a 50-day moving average price of GBX 173.12 and a two-hundred day moving average price of GBX 168.27. Sabre Insurance Group has a 12-month low of GBX 123 and a 12-month high of GBX 188.80. The firm has a market cap of £413.88 million, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

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

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Adam Richard Westwood sold 10,976 shares of Sabre Insurance Group stock in a transaction on Wednesday, September 16th. The shares were 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 business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total transaction of £16,420.80. In the last ninety days, insiders have purchased 345 shares of company stock worth $59,872. 1.49% of the stock is owned by 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.