Shares of Saber Insurance Group plc (LON: SBRE – Get Rating) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 263.25 ($ 3.22).
A number of brokerages have issued reports on SBRE. Berenberg Bank increased their objective price on shares of Saber Insurance Group from GBX 231 ($ 2.83) to GBX 233 ($ 2.85) and gave the company a “hold” rating in a report on Tuesday, March 22nd. Barclays reaffirmed an “overweight” rating on shares of Saber Insurance Group in a report on Wednesday, May 4th.
Saber Insurance Group stock opened at GBX 205.30 ($ 2.51) on Thursday. The firm has a 50 day moving average of GBX 211.94 and a 200 day moving average of GBX 207.95. The firm has a market capitalization of £ 513.25 million and a price-to-earnings ratio of 17.08. Saber Insurance Group has a 12-month low of GBX 173.20 ($ 2.12) and a 12-month high of GBX 276 ($ 3.38). The company has a current ratio of 0.55, a quick ratio of 0.21 and a debt-to-equity ratio of 0.08.
In other news, insider Adam Richard Westwood sold 34,321 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of GBX 216 ($ 2.65), for a total transaction of £ 74,133.36 ($ 90,805.19). Also, insider Alison Morris bought 9,282 shares of the stock in a transaction dated Wednesday, June 1st. The shares were purchased at an average price of GBX 209 ($ 2.56) per share, with a total value of £ 19,399.38 ($ 23,762.10).
Saber Insurance Group Company Profile (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 Smart Drive.
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