Sabre Insurance Group’s (SBRE) “Buy” Rating Reiterated at Berenberg Bank

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued on Tuesday, MarketBeat reports. They currently have a GBX 205 target price on the stock. Berenberg Bank‘s price objective suggests a potential upside of 21.72% from the company’s previous close.

Several other brokerages also recently weighed in on SBRE. Jefferies Financial Group restated a “hold” rating and set a GBX 152 price target on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Peel Hunt reiterated an “add” rating and issued a GBX 200 price objective on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 180 price objective on shares of Sabre Insurance Group in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Sabre Insurance Group presently has an average rating of “Moderate Buy” and an average target price of GBX 189.25.

Sabre Insurance Group Trading Up 0.7%

Shares of LON SBRE opened at GBX 168.42 on Tuesday. The stock has a market cap of £406.62 million, a P/E ratio of 11.28, a PEG ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 12-month low of GBX 123 and a 12-month high of GBX 188.80. The business’s fifty day simple moving average is GBX 172.91 and its 200-day simple moving average is GBX 168.51.

Sabre Insurance Group (LON:SBRE) last released its earnings results 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%. On average, equities analysts forecast that Sabre Insurance Group will post 19.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Geoffrey Richard Carter sold 9,330 shares of Sabre Insurance Group stock in a transaction on Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total transaction of £16,420.80. Also, insider Adam Richard Westwood sold 10,976 shares of Sabre Insurance Group stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total transaction of £19,427.52. Insiders bought a total of 345 shares of company stock worth $59,872 over the last 90 days. Company insiders own 1.49% 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.