Peel Hunt Reaffirms “Buy” Rating for Sabre Insurance Group (SBRE)
Peel Hunt reiterated their buy rating on shares of Sabre Insurance Group (LON:SBRE) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently commented on SBRE. Barclays upped their target price on Sabre Insurance Group from GBX 295 ($3.85) to GBX 296 ($3.87) and gave the company an equal weight rating in a report on Friday, March 29th. Berenberg Bank reduced their target price on Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a buy rating for the company in a report on Friday, March 29th. Numis Securities downgraded Sabre Insurance Group to a hold rating in a report on Thursday, May 16th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 310 ($4.05) target price on shares of Sabre Insurance Group in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sabre Insurance Group presently has a consensus rating of Hold and an average price target of GBX 299.60 ($3.91).
Shares of LON SBRE opened at GBX 260.50 ($3.40) on Thursday. Sabre Insurance Group has a 12 month low of GBX 235 ($3.07) and a 12 month high of GBX 301 ($3.93). The firm has a market cap of $653.75 million and a PE ratio of 13.16.
In related news, insider Adam Richard Westwood sold 190,000 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of GBX 288 ($3.76), for a total value of £547,200 ($715,013.72). Also, insider Catherine Elizabeth Barton acquired 7,198 shares of Sabre Insurance Group stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average cost of GBX 276 ($3.61) per share, with a total value of £19,866.48 ($25,959.07).
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. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart.
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