Sabre Insurance Group (LON:SBRE) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a GBX 172 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 2.81% from the company’s previous close.

Several other research firms also recently issued reports on SBRE. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 180 price objective on shares of Sabre Insurance Group in a report on Wednesday, August 5th. Peel Hunt reiterated an “add” rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 205 target price on shares of Sabre Insurance Group in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Sabre Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 189.25.

Sabre Insurance Group Price Performance

SBRE traded up GBX 1.30 on Wednesday, hitting GBX 167.30. The company had a trading volume of 25,826,104 shares, compared to its average volume of 1,342,741. The stock has a market cap of £403.92 million, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The company’s fifty day moving average price is GBX 173.03 and its 200 day moving average price is GBX 168.34. Sabre Insurance Group has a 1-year low of GBX 123 and a 1-year high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.33 EPS for the quarter. Sabre Insurance Group had a return on equity of 14.67% and a net margin of 16.49%. On average, sell-side analysts forecast that Sabre Insurance Group will post 19.08 EPS for the current year.

Insiders Place Their Bets

In related news, insider Adam Richard Westwood sold 10,976 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total transaction of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of the company’s 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. Insiders have purchased 345 shares of company stock worth $59,872 in the last ninety days. 1.49% of the stock is currently owned by insiders.

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.