Sabre Insurance Group (LON:SBRE) Given “Hold” Rating at Jefferies Financial Group

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 172 target price on the stock. Jefferies Financial Group‘s price objective indicates a potential upside of 2.29% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Peel Hunt reaffirmed an “add” rating and set a GBX 200 price target on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 205 price objective on shares of Sabre Insurance Group in a report on Tuesday. Finally, 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 note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 189.25.

Sabre Insurance Group Stock Performance

SBRE opened at GBX 168.15 on Wednesday. The company’s 50-day simple moving average is GBX 172.84 and its two-hundred day simple moving average is GBX 168.50. The stock has a market capitalization of £405.98 million, a P/E ratio of 11.26, a P/E/G ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 52-week low of GBX 123 and a 52-week high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last posted its earnings results on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Research analysts forecast that Sabre Insurance Group will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam Richard Westwood sold 10,976 shares of Sabre Insurance Group stock in a transaction dated 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 business’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. In the last ninety days, insiders purchased 345 shares of company stock worth $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.