Insurance

Sabre Insurance Group plc (LON:SBRE) Given Average Recommendation of “Buy” by Brokerages

Shares of Sabre Insurance Group plc (LON:SBRE – Get Rating) have earned an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 263.25 ($3.31).

SBRE has been the subject of several recent analyst reports. Barclays reiterated an “overweight” rating on shares of Sabre Insurance Group in a research note on Wednesday, May 4th. Berenberg Bank raised their target price on shares of Sabre Insurance Group from GBX 231 ($2.91) to GBX 233 ($2.93) and gave the company a “hold” rating in a research note on Tuesday, March 22nd.

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 34,321 shares of the firm’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of GBX 216 ($2.72), for a total transaction of £74,133.36 ($93,284.71).

Shares of LON:SBRE opened at GBX 212 ($2.67) on Friday. Sabre Insurance Group has a 52-week low of GBX 173.20 ($2.18) and a 52-week high of GBX 276 ($3.47). The company has a market capitalization of £530 million and a P/E ratio of 17.67. The company has a 50-day simple moving average of GBX 217.99 and a 200 day simple moving average of GBX 205.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.21 and a current ratio of 0.55.

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The business also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Thursday, April 28th will be given a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date of this dividend is Thursday, April 28th. This is an increase from Sabre Insurance Group’s previous dividend of $3.70. This represents a yield of 4.31%. Sabre Insurance Group’s dividend payout ratio (DPR) is 0.88%.

Sabre Insurance Group Company Profile (Get Rating)

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl, Insure 2 Drive, and Drive Smart.

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Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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