Jefferies Financial Group Reaffirms Hold Rating for Sabre Insurance Group (LON:SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a GBX 172 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 2.81% from the stock’s current price.

Several other equities analysts also recently issued reports on SBRE. Peel Hunt restated an “add” rating and set a GBX 200 price objective 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 research report on Tuesday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 180 target price on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 189.25.

Sabre Insurance Group Stock Performance

LON:SBRE traded up GBX 1.30 during mid-day trading on Wednesday, hitting GBX 167.30. 25,826,104 shares of the company’s stock traded hands, compared to its average volume of 1,342,741. The company has a fifty day moving average of GBX 173.03 and a 200 day moving average of GBX 168.34. Sabre Insurance Group has a twelve month low of GBX 123 and a twelve month high of GBX 188.80. The company has a market capitalization of £403.92 million, a P/E ratio of 11.21, a P/E/G ratio of 4.08 and a beta of 0.07.

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

Insider Activity

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 10,976 shares of Sabre Insurance Group stock in a transaction on 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 company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total transaction of £16,420.80. In the last quarter, insiders bought 345 shares of company stock worth $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.