Sabre Insurance Group (LON:SBRE) Stock Price Target Raised at Berenberg Bank

Key Points

• Berenberg Bank raised Sabre Insurance Group’s price target from GBX 200 to GBX 205 and maintained a “buy” rating, implying 16.48% upside from the previous close.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of GBX 184.25, although some firms maintain “hold” or “sector perform” ratings.
• Sabre reported quarterly EPS of GBX 7.33, with a 16.49% net margin and 14.67% return on equity; the stock recently opened at GBX 176 and has traded between GBX 123 and GBX 188.80 over the past year.

Sabre Insurance Group (LON:SBRE - Get Free Report) had its price target boosted by stock analysts at Berenberg Bank from GBX 200 to GBX 205 in a research report issued on Wednesday, London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 16.48% from the company's previous close.

Several other analysts have also issued reports on the company. Peel Hunt reiterated an "add" rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 180 price objective on shares of Sabre Insurance Group in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 152 target price on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Sabre Insurance Group has an average rating of "Moderate Buy" and a consensus price target of GBX 184.25.

Sabre Insurance Group Stock Performance

Sabre Insurance Group stock opened at GBX 176 on Wednesday. Sabre Insurance Group has a twelve month low of GBX 123 and a twelve month high of GBX 188.80. The firm has a market cap of £424.93 million, a PE ratio of 11.79, a P/E/G ratio of 4.08 and a beta of 0.07. The firm's 50 day moving average price is GBX 174.24 and its two-hundred day moving average price is GBX 166.33.

Sabre Insurance Group (LON:SBRE - Get Free Report) last issued 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 net margin of 16.49% and a return on equity of 14.67%. Equities analysts anticipate that Sabre Insurance Group will post 19.083558 EPS for the current fiscal year.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Geoffrey Richard Carter sold 9,330 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total value 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. 1.50% of the stock is 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.

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