Sabre Insurance Group (LON:SBRE) Price Target Raised to GBX 195 at Berenberg Bank

Sabre Insurance Group (LON:SBRE) had its target price hoisted by analysts at Berenberg Bank from GBX 185 to GBX 195 in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 18.61% from the stock’s previous close.

Sabre Insurance Group Trading Up 6.1%

LON:SBRE opened at GBX 164.40 on Thursday. The stock has a market capitalization of £401.64 million, a price-to-earnings ratio of 10.77, a PEG ratio of 4.08 and a beta of 0.07. The firm has a fifty day simple moving average of GBX 155.50 and a two-hundred day simple moving average of GBX 138.89. Sabre Insurance Group has a 12 month low of GBX 123 and a 12 month high of GBX 170.20.

Sabre Insurance Group (LON:SBRE) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 EPS for the quarter. Sabre Insurance Group had a net margin of 17.48% and a return on equity of 11.29%. Equities analysts predict that Sabre Insurance Group will post 19.083558 earnings per share for the current fiscal year.

Insider Transactions at Sabre Insurance Group

In other news, insider Adam Richard Westwood sold 72,426 shares of Sabre Insurance Group stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £115,881.60. Also, insider Geoffrey Richard Carter sold 148,146 shares of Sabre Insurance Group stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £237,033.60. Over the last quarter, insiders have bought 364 shares of company stock valued at $54,924 and have sold 251,193 shares valued at $40,190,880. 1.35% of the stock is owned by company insiders.

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.