Sabre Insurance Group (SBRE) Price Target Raised to GBX 296

Sabre Insurance Group (LON:SBRE) had its price target upped by investment analysts at Barclays from GBX 295 ($3.85) to GBX 296 ($3.87) in a research note issued on Friday, March 29th, ThisIsMoney.Co.Uk reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 3.50% from the company’s previous close.

Several other brokerages also recently issued reports on SBRE. Peel Hunt reiterated a “buy” rating on shares of Sabre Insurance Group in a research report on Wednesday, March 20th. Berenberg Bank reduced their price target on shares of Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a “buy” rating on the stock in a research report on Friday, March 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Sabre Insurance Group currently has an average rating of “Hold” and an average price target of GBX 305.20 ($3.99).

Shares of LON:SBRE remained flat at $GBX 286 ($3.74) on Friday. 1,214,741 shares of the stock traded hands, compared to its average volume of 249,083. Sabre Insurance Group has a 52 week low of GBX 235 ($3.07) and a 52 week high of GBX 301 ($3.93). The firm has a market cap of $715.00 million and a P/E ratio of 14.44.

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 190,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of GBX 288 ($3.76), for a total transaction of £547,200 ($715,013.72).

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. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart.

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Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

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