Sabre Insurance Group (LON:SBRE) Earns Hold Rating from Jefferies Financial Group

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 172 target price on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 2.63% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Peel Hunt reiterated an “add” rating and set a GBX 200 price target on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated 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. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 205 target price on shares of Sabre Insurance Group in a report on Tuesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Sabre Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 189.25.

Sabre Insurance Group Price Performance

Shares of SBRE opened at GBX 167.60 on Wednesday. The company has a market cap of £404.65 million, a PE ratio of 11.23, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The firm has a 50-day moving average of GBX 172.91 and a 200-day moving average of GBX 168.51. Sabre Insurance Group has a one year low of GBX 123 and a one year high of GBX 188.80.

Sabre Insurance Group (LON:SBRE) last issued its earnings results 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 expect that Sabre Insurance Group will post 19.08 earnings per share for the current year.

Insider Activity

In other news, insider Geoffrey Richard Carter sold 9,330 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total transaction of £16,420.80. Also, insider Adam Richard Westwood sold 10,976 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total value of £19,427.52. Insiders have purchased a total of 345 shares of company stock valued at $59,872 in the last ninety days. 1.49% of the stock is currently owned by insiders.

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.