Berenberg Bank Boosts Sabre Insurance Group (LON:SBRE) Price Target to GBX 216

Sabre Insurance Group (LON:SBRE) had its price target increased by Berenberg Bank from GBX 211 ($2.68) to GBX 216 ($2.75) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Royal Bank of Canada upped their price target on shares of Sabre Insurance Group from GBX 200 ($2.54) to GBX 220 ($2.80) and gave the stock an outperform rating in a research note on Wednesday, March 20th.

Sabre Insurance Group Trading Down 0.5 %

LON SBRE opened at GBX 171.80 ($2.18) on Thursday. Sabre Insurance Group has a 1-year low of GBX 124 ($1.58) and a 1-year high of GBX 183.60 ($2.33). The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. The company has a market capitalization of £426.77 million, a PE ratio of 2,454.29, a price-to-earnings-growth ratio of 4.08 and a beta of 0.24. The firm’s fifty day simple moving average is GBX 168.46 and its 200-day simple moving average is GBX 157.16.

Sabre Insurance Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, April 25th will be issued a GBX 8.10 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Sabre Insurance Group’s previous dividend of $0.90. This represents a yield of 5.09%. Sabre Insurance Group’s dividend payout ratio is currently 7,142.86%.

Insider Buying and Selling

In other Sabre Insurance Group news, insider Bryan Joseph acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of GBX 178 ($2.26) per share, for a total transaction of £5,340 ($6,786.99). In other news, insider Bryan Joseph purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of GBX 178 ($2.26) per share, for a total transaction of £5,340 ($6,786.99). Also, insider Adam Richard Westwood sold 28,087 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of GBX 167 ($2.12), for a total transaction of £46,905.29 ($59,615.26). Over the last three months, insiders acquired 3,218 shares of company stock worth $568,963. Corporate insiders own 8.27% 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.