Sabre Insurance Group (LON:SBRE) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt restated their add rating on shares of Sabre Insurance Group (LON:SBRE – Get Rating) in a research report released on Tuesday morning, MarketBeat.com reports. Peel Hunt currently has a GBX 130 ($1.58) price objective on the stock.

Sabre Insurance Group Price Performance

SBRE stock opened at GBX 98.80 ($1.20) on Tuesday. Sabre Insurance Group has a 52-week low of GBX 81.90 ($1.00) and a 52-week high of GBX 242.50 ($2.96). The stock’s fifty day simple moving average is GBX 99.47 and its 200-day simple moving average is GBX 99.53. The company has a quick ratio of 0.21, a current ratio of 0.49 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of £247 million, a price-to-earnings ratio of 1,646.67, a price-to-earnings-growth ratio of 4.08 and a beta of 0.26.

Sabre Insurance Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, April 20th will be issued a GBX 1.70 ($0.02) dividend. This represents a yield of 1.76%. The ex-dividend date is Thursday, April 20th. Sabre Insurance Group’s payout ratio is currently 11,666.67%.

Sabre Insurance Group Company Profile

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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.