Sabre Insurance Group (LON:SBRE) had its price target upped by Barclays from GBX 263 ($3.24) to GBX 264 ($3.25) in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have an equal weight rating on the stock.
A number of other research analysts have also weighed in on SBRE. Berenberg Bank started coverage on Sabre Insurance Group in a report on Tuesday, June 23rd. They set a hold rating and a GBX 284 ($3.49) target price for the company. Peel Hunt reaffirmed an add rating on shares of Sabre Insurance Group in a report on Tuesday, July 28th.
Shares of SBRE opened at GBX 303.50 ($3.73) on Wednesday. The business has a 50-day moving average of GBX 264.89 and a 200 day moving average of GBX 280.91. Sabre Insurance Group has a fifty-two week low of GBX 2.59 ($0.03) and a fifty-two week high of GBX 340 ($4.18). The firm has a market cap of $758.75 million and a P/E ratio of 17.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.07 and a current ratio of 1.31.
The business also recently announced a dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 6th will be issued a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 3.42%. The ex-dividend date is Thursday, August 6th. This is a positive change from Sabre Insurance Group’s previous dividend of $8.10. Sabre Insurance Group’s payout ratio is presently 51.72%.
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.
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