Sabre Insurance Group’s (SBRE) “Hold” Rating Reiterated at Jefferies Financial Group

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a report released on Thursday,Digital Look reports. They currently have a GBX 152 price objective on the stock. Jefferies Financial Group’s price target suggests a potential downside of 6.88% from the stock’s current price.

Separately, Berenberg Bank raised their price target on Sabre Insurance Group from GBX 185 to GBX 195 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 169.25.

Sabre Insurance Group Trading Up 5.3%

Sabre Insurance Group stock opened at GBX 163.22 on Thursday. The firm has a market capitalization of £398.77 million, a PE ratio of 10.70, a price-to-earnings-growth 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 170.20. The firm’s 50 day simple moving average is GBX 155.50 and its 200 day simple moving average is GBX 138.89.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings data on Tuesday, March 10th. The company reported GBX 15.37 earnings per share (EPS) for the quarter. Sabre Insurance Group had a return on equity of 11.29% and a net margin of 17.48%. Research analysts forecast that Sabre Insurance Group will post 19.083558 earnings per share for the current year.

Insider Buying and Selling at Sabre Insurance Group

In other news, insider Adam Richard Westwood sold 72,426 shares of Sabre Insurance Group stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £115,881.60. Also, insider Geoffrey Richard Carter sold 30,621 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of GBX 160, for a total transaction of £48,993.60. In the last 90 days, insiders have bought 364 shares of company stock worth $54,924 and have sold 251,193 shares worth $40,190,880. Company insiders own 1.35% 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.