Peel Hunt Lowers Sabre Insurance Group (LON:SBRE) to Add

Peel Hunt downgraded shares of Sabre Insurance Group (LON:SBRE) to an add rating in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on SBRE. Peel Hunt restated a buy rating and issued a GBX 300 ($3.92) target price on shares of Sabre Insurance Group in a research note on Thursday, October 10th. Berenberg Bank cut their target price on Sabre Insurance Group from GBX 295 ($3.85) to GBX 290 ($3.79) and set a buy rating for the company in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 294.60 ($3.85).

Shares of LON SBRE opened at GBX 292.50 ($3.82) on Tuesday. The business has a fifty day simple moving average of GBX 287.12 and a 200 day simple moving average of GBX 275.04. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $731.25 million and a price-to-earnings ratio of 15.16. Sabre Insurance Group has a one year low of GBX 240 ($3.14) and a one year high of GBX 312 ($4.08).

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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