Shares of Saber Insurance Group plc (LON: SBRE) have received an average rating of “Hold” from the six rating companies that currently cover the company, reports Marketbeat Ratings. One analyst rated the stock with a sell recommendation, another assigned a hold recommendation, and three gave the company a buy recommendation. The 12-month average price target among brokerage firms that reported on the stock in the past year is 253.80 GBX ($ 3.41).
Several brokerages recently commented on SBRE. Barclays reissued an “equal weight” rating and set a target price GBX 244 ($ 3.28) on shares of Saber Insurance Group in a research note on Wednesday, November 10. Shore Capital reissued an “under review” note on Saber Insurance Group shares in a research note on Thursday, October 14. Peel Hunt reissued a “buy” note and set a price target GBX 255 ($ 3.43) on shares of Saber Insurance Group in a research note on Wednesday, November 10. Berenberg Bank increased its price target on Saber Insurance Group from GBX 195 ($ 2.62) to GBX 205 ($ 2.76) and gave the stock a “sell” rating in a research note on Wednesday. November 10. Finally, Peel Hunt reissued a “buy” note and set a price target GBX 255 ($ 3.43) on shares of Saber Insurance Group in a research note on Wednesday, November 10.
LON SBRE opened at GBX 181.24 ($ 2.44) on Thursday. The company has a debt to equity ratio of 0.13, a current ratio of 0.51, and a rapid ratio of 0.20. The 50-day simple moving average for the stock is 188.37 GBX. Saber Insurance Group has a 12 month minimum of GBX 173.20 ($ 2.33) and a 12 month maximum of GBX 290 ($ 3.90). The company has a market capitalization of £ 453.10million and a PE ratio of 12.97.
In other Saber Insurance Group news, insider Geoffrey Richard Carter bought 5,210 shares of the company in a trade on Thursday, October 14. The share was bought at an average price of 190 GBX ($ 2.55) per share, for a total deal of £ 9,899 ($ 13,306.90). Additionally, insider Ian Edward Clark bought 37,245 shares of the company in a trade on Thursday, November 4. The share was acquired at an average price of 187 GBX ($ 2.51) per share, for a total value of £ 69,648.15 ($ 93,625.69). During the past ninety days, insiders have purchased 42,603 shares of the company valued at $ 7,984,537.
Saber Insurance Group Company Profile
Saber Insurance Group plc, through its subsidiaries, underwrites general motor vehicle insurance 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 and Insure 2 Drive. The company was founded in 1982 and is headquartered in Dorking, UK.
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