Saber Insurance Group plc (LON:SBRE) At ‘Moderate Buy’ consensus recommendation from brokerages

Shares of Saber Insurance Group plc (LON:SBRE – Get Rating) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 195 ($2.36).

SBRE has been the subject of several analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 123 ($1.49) target price on shares of Saber Insurance Group in a research report on Monday, August 1st. Shore Capital restated a “buy” rating on shares of Saber Insurance Group in a research report on Friday, July 15th. Barclays decreased their target price on Saber Insurance Group from GBX 232 ($2.80) to GBX 222 ($2.68) and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Finally, Jefferies Financial Group lowered their target price on Saber Insurance Group from GBX 230 ($2.78) to GBX 120 ($1.45) and set a “hold” rating for the company in a research note on Monday, July 18th.

Saber Insurance Group Pricing Performance

Shares of SBRE stock opened at GBX 123.80 ($1.50) on Friday. The stock has a 50-day moving average of GBX 167.38 and a 200-day moving average of GBX 198.30. 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 12-month low of GBX 100 ($1.21) and a 12-month high of GBX 242.50 ($2.93). The company has a market cap of £309.50 million and a P/E ratio of 2,063.33.

Saber Insurance Group Cuts Dividend

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The company also recently declared a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th will be given a GBX 2.80 ($0.03) dividend. 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 140.00%.

Insider buying and selling

In related news, insider Jeffrey Richard Carter acquired 8,774 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 113 ($1.37) per share, with a total value of £9,914.62 ($11,979.97). In related news, insider Jeffrey Richard Carter acquired 8,774 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 113 ($1.37) per share, with a total value of £9,914.62 ($11,979.97). Also, insider Andrew D. Pomfret acquired 93,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were bought at an average price of GBX 105 ($1.27) per share, with a total value of £97,650 ($117,991.78). Insiders purchased a total of 111,056 shares of company stock valued at $12,696,400 over the last three months.

About Saber Insurance Group

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Saber Insurance Group plc, through its subsidiaries, is engaged in the underwriting of motor vehicle and motorcycle general insurance 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.

Selected articles

Analyst Recommendations for Saber Insurance Group (LON:SBRE)

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