Sabre Insurance Group plc (LON:SBRE – Get Rating) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 195 ($2.36).
A number of research firms recently issued reports on SBRE. Barclays lowered their target price on Sabre Insurance Group from GBX 232 ($2.80) to GBX 222 ($2.68) and set an “overweight” rating on the stock in a report on Wednesday, July 27th. Berenberg Bank reissued a “hold” rating and issued a GBX 123 ($1.49) price target on shares of Sabre Insurance Group in a research note on Monday, August 1st. Jefferies Financial Group dropped their price target on Sabre Insurance Group from GBX 230 ($2.78) to GBX 120 ($1.45) and set a “hold” rating on the stock in a research note on Monday, July 18th. Finally, Shore Capital reissued a “buy” rating on shares of Sabre Insurance Group in a research note on Friday, July 15th.
Sabre Insurance Group Price Performance
LON:SBRE opened at GBX 110 ($1.33) on Tuesday. The business’s 50-day moving average price is GBX 127.68 and its 200 day moving average price is GBX 183.02. The firm has a market cap of £275 million and a P/E ratio of 1,833.33. Sabre Insurance Group has a 52-week low of GBX 100 ($1.21) and a 52-week high of GBX 242.50 ($2.93). The company has a quick ratio of 0.21, a current ratio of 0.49 and a debt-to-equity ratio of 0.03.
Sabre Insurance Group Cuts Dividend
Insider Buying and Selling at Sabre Insurance Group
In other Sabre Insurance Group news, insider Geoffrey Richard Carter bought 8,774 shares of the stock in a transaction on Friday, July 29th. The shares were bought at an average price of GBX 113 ($1.37) per share, with a total value of £9,914.62 ($11,979.97). In other Sabre Insurance Group news, insider Geoffrey Richard Carter bought 8,774 shares of the stock in a transaction on Friday, July 29th. The shares were bought at an average price of GBX 113 ($1.37) per share, with a total value of £9,914.62 ($11,979.97). Also, insider Andrew D. Pomfret bought 93,000 shares of the stock in a transaction on Tuesday, July 26th. The shares were acquired at an average cost of GBX 105 ($1.27) per share, for a total transaction of £97,650 ($117,991.78).
About Sabre Insurance Group
Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.
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