Saber Insurance Group (LON:SBRE) Rating Reiterated by Berenberg Bank


Berenberg Bank restored their hold rating on shares of Saber Insurance Group (LON:SBRE – Get Rating) in a research note released on Monday, LSE.Co.UK reports. Berenberg Bank currently has a GBX 123 ($1.51) price objective on the stock.

Several other analysts have also recently weighed in on the company. Jefferies Financial Group dropped their price target on Saber Insurance Group from GBX 230 ($2.82) to GBX 120 ($1.47) and set a hold rating for the company in a report on Monday, July 18th. Shore Capital reaffirmed a buy rating on shares of Saber Insurance Group in a report on Friday, July 15th. Finally, Barclays dropped their price objective on Saber Insurance Group from GBX 232 ($2.84) to GBX 222 ($2.72) and set an overweight rating for the company in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of GBX 195 ($2.39).

Saber Insurance Group Stock Performance

LON:SBRE opened at GBX 110.24 ($1.35) on Monday. The stock has a market cap of £275.60 million and a P/E ratio of 1,846.67. The stock has a 50 day simple moving average of GBX 181.96 and a 200 day simple moving average of GBX 203. The company has a current ratio of 0.49, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. Saber Insurance Group has a 1-year low of GBX 100 ($1.23) and a 1-year high of GBX 242.50 ($2.97).

Saber Insurance Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th will be issued a dividend of GBX 2.80 ($0.03) per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a dividend yield of 2.73%. Saber Insurance Group’s dividend payout ratio (DPR) is currently 175.00%.

Insider Transactions at Saber Insurance Group

In other news, insider Geoffrey Richard Carter acquired 8,774 shares of Saber Insurance Group stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 113 ($1.38) per share, for a total transaction of £9,914.62 ($12,148.78). In related news, insider Geoffrey Richard Carter purchased 8,774 shares of Saber Insurance Group stock in a transaction on Friday, July 29th. The shares were purchased at an average price of GBX 113 ($1.38) per share, for a total transaction of £9,914.62 ($12,148.78). Also, insider Andrew D. Pomfret purchased 93,000 shares of Saber Insurance Group stock in a transaction on Tuesday, July 26th. The stock was bought at an average price of GBX 105 ($1.29) per share, for a total transaction of £97,650 ($119,654.45). In the last quarter, insiders acquired 111,056 shares of company stock valued at $12,696,400.

About Saber Insurance Group

(Get Rating)

Saber Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles and motorcycles 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, Insure 2 Drive, and Drive Smart.

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Analyst Recommendations for Saber Insurance Group (LON:SBRE)



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