Sabre Insurance Group (LON:SBRE) Receives Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Sabre Insurance Group (LON:SBRE) in a research report sent to investors on Thursday, April 11th, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently issued reports on SBRE. Canaccord Genuity reiterated a hold rating and set a GBX 310 ($4.05) price target on shares of Sabre Insurance Group in a research report on Wednesday, April 10th. Barclays lifted their price target on Sabre Insurance Group from GBX 295 ($3.85) to GBX 296 ($3.87) and gave the company an equal weight rating in a research report on Friday, March 29th. Finally, Berenberg Bank decreased their price objective on Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a buy rating on the stock in a report on Friday, March 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Sabre Insurance Group presently has an average rating of Hold and an average target price of GBX 305.20 ($3.99).

LON SBRE remained flat at $GBX 268 ($3.50) during trading hours on Thursday. The company’s stock had a trading volume of 1,715,440 shares, compared to its average volume of 249,083. The company has a market cap of $670.00 million and a P/E ratio of 13.54. Sabre Insurance Group has a fifty-two week low of GBX 235 ($3.07) and a fifty-two week high of GBX 301 ($3.93).

The firm also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 25th will be paid a dividend of GBX 12.80 ($0.17) per share. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Sabre Insurance Group’s previous dividend of $7.20. This represents a dividend yield of 4.48%. Sabre Insurance Group’s payout ratio is 0.71%.

In related news, insider Adam Richard Westwood sold 190,000 shares of Sabre Insurance Group stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of GBX 288 ($3.76), for a total transaction of £547,200 ($715,013.72). Also, insider Catherine Elizabeth Barton purchased 7,198 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average price of GBX 276 ($3.61) per share, for a total transaction of £19,866.48 ($25,959.07).

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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