Sabre Insurance Group (SBRE) Price Target Cut to GBX 295

Sabre Insurance Group (LON:SBRE) had its target price cut by Berenberg Bank from GBX 300 ($3.92) to GBX 295 ($3.85) in a report published on Friday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. 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 note on Friday. Peel Hunt restated a buy rating on shares of Sabre Insurance Group in a research note on Thursday. Numis Securities restated a hold rating on shares of Sabre Insurance Group in a research note on Thursday. Finally, Canaccord Genuity restated a hold rating and issued a GBX 310 ($4.05) price target on shares of Sabre Insurance Group in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 299.60 ($3.91).

SBRE stock opened at GBX 261.50 ($3.42) 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 PE ratio of 13.21.

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

In other news, insider Catherine Elizabeth Barton acquired 7,198 shares of Sabre Insurance Group stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price 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 company’s stock in a transaction on Wednesday, April 10th. The shares were 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.

See Also: Fundamental Analysis

Analyst Recommendations for Sabre Insurance Group (LON:SBRE)

Receive News & Ratings for Sabre Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.