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

Key Points

• Jefferies Financial Group has lowered the price target for Sabre Insurance Group from GBX 116 to GBX 110, indicating a potential downside of 14.73% from the current stock price, while maintaining a "buy" rating.
• Other analysts have set varying target prices, with Peel Hunt maintaining a target of GBX 195 and Royal Bank of Canada increasing their target to GBX 170, suggesting a consensus rating of "buy" for the stock.
• Sabre Insurance Group recently reported an earnings per share (EPS) of GBX 7.64 for its last quarter, with projections expecting an EPS of approximately 19.08 for the current year.

Sabre Insurance Group (LON:SBRE - Get Free Report) had its price objective lowered by research analysts at Jefferies Financial Group from GBX 116 to GBX 110 in a research note issued to investors on Friday,Digital Look reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential downside of 14.73% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Peel Hunt restated a "buy" rating and set a GBX 195 target price on shares of Sabre Insurance Group in a research note on Thursday. Berenberg Bank decreased their price target 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. Finally, Royal Bank Of Canada boosted their target price on shares of Sabre Insurance Group from GBX 160 to GBX 170 and gave the stock an "outperform" rating in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sabre Insurance Group currently has a consensus rating of "Buy" and a consensus target price of GBX 166.25.

Sabre Insurance Group Price Performance

Shares of SBRE stock opened at GBX 129 on Friday. Sabre Insurance Group has a 1 year low of GBX 118.60 and a 1 year high of GBX 160.20. The firm has a fifty day moving average price of GBX 141.37 and a 200-day moving average price of GBX 139.11. The company has a market cap of £315.63 million, a price-to-earnings ratio of 812.34, a PEG ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE - Get Free Report) last issued its quarterly earnings data 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 research analysts expect that Sabre Insurance Group will post 19.083558 EPS for the current year.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Geoffrey Richard Carter purchased 250 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was purchased at an average price of GBX 142 per share, with a total value of £355. Insiders have purchased a total of 631 shares of company stock worth $88,834 over the last ninety days. Insiders own 1.34% 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.

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