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).
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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