Brokerages Set Sabre Insurance Group PLC (LON:SBRE) PT at GBX 294.50

Shares of Sabre Insurance Group PLC (LON:SBRE) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 295.60 ($3.86).

Several research analysts have issued reports on the company. Berenberg Bank cut their price target on Sabre Insurance Group from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating on the stock in a report on Tuesday, July 30th. Peel Hunt restated a “buy” rating and issued a GBX 300 ($3.92) target price (down previously from GBX 310 ($4.05)) on shares of Sabre Insurance Group in a report on Monday, July 29th. Barclays dropped their target price on Sabre Insurance Group from GBX 296 ($3.87) to GBX 273 ($3.57) and set an “equal weight” rating on the stock in a report on Friday, May 24th. Shore Capital restated a “hold” rating and issued a GBX 305 ($3.99) target price on shares of Sabre Insurance Group in a report on Wednesday, July 31st. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 310 ($4.05) target price on shares of Sabre Insurance Group in a report on Wednesday, April 10th.

Shares of LON:SBRE opened at GBX 262.50 ($3.43) on Wednesday. The business has a 50 day moving average price of GBX 275.39. The company has a market capitalization of $660.00 million and a price-to-earnings ratio of 13.60. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. Sabre Insurance Group has a 52-week low of GBX 240 ($3.14) and a 52-week high of GBX 301 ($3.93).

The business also recently announced a dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd will be issued a GBX 4.70 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.74%. Sabre Insurance Group’s dividend payout ratio is presently 0.47%.

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. 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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