Jefferies Financial Group Issues Pessimistic Forecast for Sabre Insurance Group (LON:SBRE) Stock Price

Sabre Insurance Group (LON:SBRE) had its target price reduced by Jefferies Financial Group from GBX 116 to GBX 110 in a report issued on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 14.73% from the stock’s previous close.

Several other analysts also recently commented on SBRE. Berenberg Bank cut their target price on Sabre Insurance Group from GBX 200 to GBX 190 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada increased their target price on Sabre Insurance Group from GBX 160 to GBX 170 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 195 target price on shares of Sabre Insurance Group in a research note on Thursday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Sabre Insurance Group currently has a consensus rating of “Buy” and a consensus price target of GBX 166.25.

Sabre Insurance Group Stock Performance

Shares of LON:SBRE opened at GBX 129 on Friday. Sabre Insurance Group has a 52-week low of GBX 118.60 and a 52-week high of GBX 160.20. The firm has a market capitalization of £315.63 million, a P/E ratio of 812.34, a P/E/G ratio of 4.08 and a beta of 0.22. The stock has a 50 day moving average price of GBX 140.93 and a 200-day moving average price of GBX 139.12.

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

Insider Activity

In other Sabre Insurance Group news, insider Geoffrey Richard Carter purchased 250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were acquired at an average cost of GBX 142 per share, for a total transaction of £355. In the last quarter, insiders acquired 631 shares of company stock valued at $88,834. Company insiders own 1.34% of the company’s stock.

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.