Sabre Insurance Group (LON:SBRE) Stock Rating Reaffirmed as "Hold" by Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Sabre Insurance Group and set a GBX 172 price target, implying 3.24% upside from the previous close.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average target price of GBX 189.25, supported by buy ratings from Berenberg and Peel Hunt.
• Sabre shares opened at GBX 166.60, while the company reported quarterly earnings of GBX 7.33 per share, a 14.67% return on equity, and a 16.49% net margin.

Sabre Insurance Group (LON:SBRE - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Wednesday, London Stock Exchange reports. They presently have a GBX 172 price target on the stock. Jefferies Financial Group's price target would indicate a potential upside of 3.24% from the stock's previous close.

Several other research analysts also recently commented on SBRE. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 205 price target on shares of Sabre Insurance Group in a research report on Tuesday. Peel Hunt reiterated an "add" rating and set a GBX 200 price target on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 180 price objective on shares of Sabre Insurance Group in a research report 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's stock. According to MarketBeat.com, Sabre Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 189.25.

Sabre Insurance Group Stock Performance

Sabre Insurance Group stock opened at GBX 166.60 on Wednesday. The business's 50-day simple moving average is GBX 173.03 and its 200-day simple moving average is GBX 168.34. The firm has a market capitalization of £402.23 million, a PE ratio of 11.16, a PEG ratio of 4.08 and a beta of 0.07. Sabre Insurance Group has a 52 week low of GBX 123 and a 52 week high of GBX 188.80.

Sabre Insurance Group (LON:SBRE - Get Free Report) last posted its quarterly earnings data 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%. Research analysts forecast 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 on Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total value of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of Sabre Insurance Group 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. Insiders purchased 345 shares of company stock valued at $59,872 over the last 90 days. 1.49% of the stock is currently owned by corporate insiders.

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.