Peel Hunt Reiterates Buy Rating for Sabre Insurance Group (LON:SBRE)

Sabre Insurance Group (LON:SBRE)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 195 target price on the stock. Peel Hunt’s target price would indicate a potential upside of 51.16% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Berenberg Bank dropped their target price on shares of Sabre Insurance Group from GBX 200 to GBX 190 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada upped their price objective on Sabre Insurance Group from GBX 160 to GBX 170 and gave the company an “outperform” rating in a report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating, Based on 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

SBRE stock opened at GBX 129 on Thursday. The company has a 50 day moving average price of GBX 140.93 and a 200 day moving average price of GBX 139.08. Sabre Insurance Group has a fifty-two week low of GBX 118.60 and a fifty-two week high of GBX 160.20. The stock has a market capitalization of £315.63 million, a PE ratio of 812.34, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

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

Insider Activity at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter acquired 250 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was acquired at an average price of GBX 142 per share, for a total transaction of £355. In the last three months, insiders have acquired 631 shares of company stock valued at $88,834. 1.34% of the stock is owned by corporate 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.