Sabre Insurance Group (LON:SBRE) Price Target Lowered to GBX 110 at Jefferies Financial Group

Sabre Insurance Group (LON:SBRE) had its price objective cut by Jefferies Financial Group from GBX 116 to GBX 110 in a research note published on Friday, Marketbeat reports. They currently have a buy rating on the stock.

A number of other research firms have also recently weighed in on SBRE. Peel Hunt reissued a “buy” rating and issued a GBX 195 target price on shares of Sabre Insurance Group in a research note on Thursday. Royal Bank Of Canada upped their price target on Sabre Insurance Group from GBX 160 to GBX 170 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Berenberg Bank decreased their price objective on shares of Sabre Insurance Group from GBX 200 to GBX 190 and set a “buy” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 166.25.

Sabre Insurance Group Trading Down 1.5%

SBRE opened at GBX 129 on Friday. The stock has a market cap of £315.63 million, a PE ratio of 812.34, a P/E/G ratio of 4.08 and a beta of 0.22. Sabre Insurance Group has a 1 year low of GBX 118.60 and a 1 year high of GBX 160.20. The stock’s 50 day simple moving average is GBX 140.93 and its 200-day simple moving average is GBX 139.08.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings results on Thursday, July 31st. The company reported GBX 7.64 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. Equities analysts forecast that Sabre Insurance Group will post 19.083558 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Geoffrey Richard Carter acquired 250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were purchased at an average cost of GBX 142 per share, for a total transaction of £355. In the last 90 days, insiders acquired 631 shares of company stock valued at $88,834. 1.34% of the stock is currently owned by company 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.