Sabre Insurance Group (SBRE) Rating Reiterated by Numis Securities

Sabre Insurance Group (LON:SBRE)‘s stock had its “hold” rating reissued by Numis Securities in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently issued reports on SBRE. Peel Hunt reaffirmed a “buy” rating on shares of Sabre Insurance Group in a research note on Thursday, April 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 310 ($4.05) price objective on shares of Sabre Insurance Group in a research note on Wednesday, April 10th. Barclays upped their price objective on shares of Sabre Insurance Group from GBX 295 ($3.85) to GBX 296 ($3.87) and gave the company an “equal weight” rating in a research note on Friday, March 29th. Finally, Berenberg Bank cut their price objective on shares of Sabre Insurance Group from GBX 302 ($3.95) to GBX 300 ($3.92) and set a “buy” rating for the company in a research note on Friday, March 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 305.20 ($3.99).

Shares of Sabre Insurance Group stock opened at GBX 262.50 ($3.43) on Thursday. 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 capitalization of $658.75 million and a PE ratio of 13.26.

In other news, insider Catherine Elizabeth Barton purchased 7,198 shares of the company’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of GBX 276 ($3.61) per share, with a total value of £19,866.48 ($25,959.07). Also, insider Adam Richard Westwood sold 190,000 shares of the stock in a transaction on 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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