Sabre Insurance Group (LON:SBRE) Stock Rating Reaffirmed as "Buy" by Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Sabre Insurance Group and maintained a GBX 205 price target, implying 19.74% upside from the previous close.
• Analyst sentiment remains positive overall, with the stock carrying a consensus “Moderate Buy” rating and an average price target of GBX 184.25, although other firms issued “Hold” and “Add” recommendations.
• Sabre reported quarterly EPS of GBX 7.33, alongside a 14.67% return on equity and 16.49% net margin; the shares opened at GBX 171.20 and have traded between GBX 123 and GBX 188.80 over the past year.

Sabre Insurance Group (LON:SBRE - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Tuesday, London Stock Exchange reports. They currently have a GBX 205 price target on the stock. Berenberg Bank's target price suggests a potential upside of 19.74% from the stock's previous close.

Several other brokerages have also weighed in on SBRE. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 180 price objective on shares of Sabre Insurance Group in a report on Wednesday, August 5th. Peel Hunt restated an "add" rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group reaffirmed 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 184.25.

Sabre Insurance Group Stock Performance

LON SBRE opened at GBX 171.20 on Tuesday. Sabre Insurance Group has a twelve month low of GBX 123 and a twelve month high of GBX 188.80. The stock has a market cap of £413.34 million, a PE ratio of 11.47, a PEG ratio of 4.08 and a beta of 0.07. The firm has a 50-day simple moving average of GBX 173.12 and a 200 day simple moving average of GBX 168.27.

Sabre Insurance Group (LON:SBRE - Get Free Report) last issued its quarterly 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%. Research analysts forecast that Sabre Insurance Group will post 19.08 earnings per share for the current fiscal year.

Insider Transactions at Sabre Insurance Group

In related news, insider Geoffrey Richard Carter sold 9,330 shares of the 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. In the last three months, insiders purchased 345 shares of company stock worth $59,872. 1.49% of the stock is currently owned by 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.