Sabre Insurance Group (LON:SBRE) Given “Hold” Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Sabre Insurance Group (LON:SBREGet Rating) in a research note issued to investors on Monday morning, LSE.Co.UK reports. The brokerage currently has a GBX 123 ($1.51) target price on the stock.

Other equities research analysts have also issued research reports about the company. Shore Capital reaffirmed a buy rating on shares of Sabre Insurance Group in a research report on Friday, July 15th. Jefferies Financial Group dropped their price target on Sabre Insurance Group from GBX 230 ($2.82) to GBX 120 ($1.47) and set a hold rating on the stock in a research report on Monday, July 18th. Finally, Barclays dropped their price target on Sabre Insurance Group from GBX 232 ($2.84) to GBX 222 ($2.72) and set an overweight rating on the stock in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of GBX 195 ($2.39).

Sabre Insurance Group Trading Down 0.5 %

LON SBRE opened at GBX 110.24 ($1.35) on Monday. The firm has a market cap of £275.60 million and a P/E ratio of 1,846.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.49 and a quick ratio of 0.21. The stock’s 50-day moving average is GBX 181.96 and its 200-day moving average is GBX 203. Sabre Insurance Group has a one year low of GBX 100 ($1.23) and a one year high of GBX 242.50 ($2.97).

Sabre Insurance Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 18th will be issued a dividend of GBX 2.80 ($0.03) per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 2.73%. Sabre Insurance Group’s payout ratio is presently 175.00%.

Insider Buying and Selling

In related news, insider Andrew D. Pomfret purchased 93,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was purchased at an average cost of GBX 105 ($1.29) per share, for a total transaction of £97,650 ($119,654.45). In related news, insider Geoffrey Richard Carter purchased 8,774 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was purchased at an average cost of GBX 113 ($1.38) per share, for a total transaction of £9,914.62 ($12,148.78). Also, insider Andrew D. Pomfret purchased 93,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was bought at an average price of GBX 105 ($1.29) per share, with a total value of £97,650 ($119,654.45). Over the last three months, insiders bought 111,056 shares of company stock worth $12,696,400.

Sabre Insurance Group Company Profile

(Get Rating)

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.

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Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

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