Peel Hunt Reaffirms Buy Rating for Sabre Insurance Group (LON:SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a report released on Thursday, LSE.Co.UK reports. They currently have a GBX 300 ($3.92) price target on the stock. Peel Hunt’s target price would suggest a potential upside of 4.17% from the company’s previous close.

SBRE has been the subject of several other research reports. Berenberg Bank decreased their target price on shares of Sabre Insurance Group from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating for the company in a research report on Tuesday, July 30th. Peel Hunt restated a “buy” rating and issued a GBX 300 ($3.92) target price on shares of Sabre Insurance Group in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 294.60 ($3.85).

LON SBRE traded up GBX 3.50 ($0.05) on Thursday, hitting GBX 288 ($3.76). The stock had a trading volume of 208,105 shares, compared to its average volume of 249,083. Sabre Insurance Group has a one year low of GBX 240 ($3.14) and a one year high of GBX 301 ($3.93). The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $691.25 million and a price-to-earnings ratio of 14.92. The company’s 50-day moving average is GBX 276.88 and its two-hundred day moving average is GBX 274.30.

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. 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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