Berenberg Bank Issues Positive Forecast for Sabre Insurance Group (LON:SBRE) Stock Price

Sabre Insurance Group (LON:SBRE) had its price target increased by Berenberg Bank from GBX 200 to GBX 205 in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently commented on SBRE. Jefferies Financial Group reissued a “hold” rating and issued a GBX 152 price target on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 180 target price on shares of Sabre Insurance Group in a report on Wednesday, August 5th. Finally, Peel Hunt reissued an “add” rating and set a GBX 200 target price on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Sabre Insurance Group presently has an average rating of “Moderate Buy” and an average target price of GBX 184.25.

Sabre Insurance Group Stock Performance

Shares of SBRE opened at GBX 176 on Wednesday. The stock has a market capitalization of £424.93 million, a PE ratio of 11.79, a P/E/G ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 1 year low of GBX 123 and a 1 year high of GBX 188.80. The company’s 50-day simple moving average is GBX 174.05 and its 200-day simple moving average is GBX 166.52.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. On average, sell-side analysts predict that Sabre Insurance Group will post 19.083558 earnings per share for the current year.

Insider Activity

In related news, insider Geoffrey Richard Carter sold 9,330 shares of the company’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 business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total value of £19,427.52. Company insiders own 1.50% of the company’s stock.

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.