Sabre Insurance Group (SBRE) Stock Rating Reaffirmed by Numis Securities

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Numis Securities reissued their hold rating on shares of Sabre Insurance Group (LON:SBRE) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also commented on the stock. Berenberg Bank decreased their price target on shares of Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a buy rating for the company in a report on Friday, March 29th. Peel Hunt reaffirmed a buy rating on shares of Sabre Insurance Group in a report on Thursday, April 11th. Barclays reaffirmed an equal weight rating on shares of Sabre Insurance Group in a report on Monday, January 28th. Finally, Canaccord Genuity lowered shares of Sabre Insurance Group to a hold rating and set a GBX 310 ($4.05) price target for the company. in a report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 299.60 ($3.91).

LON SBRE opened at GBX 261.50 ($3.42) on Thursday. Sabre Insurance Group has a one year low of GBX 235 ($3.07) and a one year high of GBX 301 ($3.93). The stock has a market capitalization of $653.75 million and a PE ratio of 13.21.

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 12.80 ($0.17) per share. This represents a yield of 4.48%. This is a positive change from Sabre Insurance Group’s previous dividend of $7.20. The ex-dividend date of this dividend is Thursday, April 25th. Sabre Insurance Group’s payout ratio is presently 0.71%.

In other news, insider Catherine Elizabeth Barton bought 7,198 shares of Sabre Insurance Group stock in a transaction on Friday, April 26th. The stock was purchased at an average cost of GBX 276 ($3.61) per share, with a total value of £19,866.48 ($25,959.07). Also, insider Adam Richard Westwood sold 190,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of GBX 288 ($3.76), for a total transaction of £547,200 ($715,013.72).

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. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart.

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Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

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