Sabre Insurance Group’s (SBRE) “Hold” Rating Reaffirmed at Jefferies Financial Group

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

SBRE has been the subject of several other reports. Peel Hunt reissued an “add” rating and issued a GBX 200 price objective on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 205 target price on shares of Sabre Insurance Group in a research report on Tuesday. Finally, 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 189.25.

Sabre Insurance Group Price Performance

Shares of LON SBRE traded up GBX 1.60 during trading hours on Wednesday, hitting GBX 167.60. 559,290 shares of the company’s stock were exchanged, compared to its average volume of 1,218,071. The company’s 50-day moving average price is GBX 173.03 and its 200-day moving average price is GBX 168.34. Sabre Insurance Group has a 1-year low of GBX 123 and a 1-year high of GBX 188.80. The stock has a market capitalization of £404.65 million, a price-to-earnings ratio of 11.23, a PEG ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last released 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 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 year.

Insider Activity

In other news, insider Geoffrey Richard Carter sold 9,330 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were 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 firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total transaction of £19,427.52. Insiders have purchased 345 shares of company stock worth $59,872 over the last 90 days. Corporate 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.