Sabre Insurance Group (SBRE) Price Target Cut to GBX 295 by Analysts at Berenberg Bank

Sabre Insurance Group (LON:SBRE) had its price target cut by equities research analysts at Berenberg Bank from GBX 300 ($3.92) to GBX 295 ($3.85) in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 14.12% from the stock’s current price.

A number of other equities analysts have also weighed in on SBRE. Barclays decreased their price target on Sabre Insurance Group from GBX 296 ($3.87) to GBX 273 ($3.57) and set an “equal weight” rating for the company in a research report on Friday. Numis Securities reiterated a “hold” rating on shares of Sabre Insurance Group in a research report on Thursday. Canaccord Genuity reiterated a “hold” rating and issued a GBX 310 ($4.05) price target on shares of Sabre Insurance Group in a research report on Wednesday, April 10th. Finally, Peel Hunt reiterated a “buy” rating on shares of Sabre Insurance Group in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 299.60 ($3.91).

LON:SBRE opened at GBX 258.50 ($3.38) on Friday. Sabre Insurance Group has a 1-year low of GBX 235 ($3.07) and a 1-year high of GBX 301 ($3.93). The firm has a market capitalization of $653.75 million and a P/E ratio of 13.06.

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