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 reissued by stock analysts at Jefferies Financial Group in a report released on Wednesday, Marketbeat reports. They presently have a GBX 172 price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 2.02% from the stock’s current price.

Several other analysts have also weighed in on SBRE. Peel Hunt reiterated an “add” rating and set a GBX 200 target price on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 180 price target 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 price objective on shares of Sabre Insurance Group in a research note on Tuesday. Two equities 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 company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 189.25.

Sabre Insurance Group Stock Up 0.8%

Shares of SBRE opened at GBX 168.60 on Wednesday. Sabre Insurance Group has a fifty-two week low of GBX 123 and a fifty-two week high of GBX 188.80. The company’s fifty day moving average is GBX 172.96 and its two-hundred day moving average is GBX 168.42. The firm has a market cap of £407.06 million, a PE ratio of 11.29, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

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

Insiders Place Their Bets

In related news, insider Adam Richard Westwood sold 10,976 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was 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 stock in a transaction on Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total value of £16,420.80. In the last three months, insiders have acquired 345 shares of company stock valued at $59,872. Company insiders own 1.49% of the company’s stock.

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.