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

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 172 target price on the stock. Jefferies Financial Group’s price target points to a potential upside of 2.81% from the stock’s current price.

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

Sabre Insurance Group Price Performance

Shares of LON SBRE traded up GBX 1.30 during midday trading on Wednesday, hitting GBX 167.30. The company’s stock had a trading volume of 25,826,104 shares, compared to its average volume of 1,342,741. The firm has a market capitalization 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 business’s fifty day simple moving average is GBX 173.03 and its two-hundred day simple moving average 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 released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Analysts anticipate that Sabre Insurance Group will post 19.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sabre Insurance Group news, 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 value of £16,420.80. Also, insider Adam Richard Westwood sold 10,976 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total value of £19,427.52. Over the last three months, insiders purchased 345 shares of company stock valued at $59,872. 1.49% of the stock is owned by corporate 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.