Sabre Insurance Executes Share Buy-Back, Adjusts Voting Rights

Sabre Insurance Group plc ( (GB:SBRE) ) just unveiled an update.

Sabre Insurance Group plc has announced the purchase and cancellation of 21,072 of its own ordinary shares, following shareholder approval and a previously announced share buy-back program. This transaction, executed through Panmure Liberum Limited on the London Stock Exchange, adjusts the total voting rights, leaving the company with 247,474,430 ordinary shares in issue, impacting shareholder calculations under the Financial Conduct Authority’s rules.

The most recent analyst rating on (GB:SBRE) stock is a Buy with a £170.00 price target. To see the full list of analyst forecasts on Sabre Insurance Group plc stock, see the GB:SBRE Stock Forecast page.

Spark’s Take on GB:SBRE Stock

According to Spark, TipRanks’ AI Analyst, GB:SBRE is a Neutral.

Sabre Insurance Group’s overall stock score is bolstered by strong financial performance, particularly in revenue growth and profitability improvements, along with an undervalued stock price and attractive dividends. While the technical analysis suggests some caution due to the stock trading below key moving averages, the positive corporate events, such as insider buying and strategic initiatives, reinforce confidence in the company’s prospects. The absence of earnings call data limits a more comprehensive assessment.

To see Spark’s full report on GB:SBRE stock, click here.

More about Sabre Insurance Group plc

Sabre Insurance Group plc operates in the insurance industry, primarily offering motor insurance products. The company focuses on providing competitive insurance solutions in the UK market, leveraging its expertise to maintain a strong position in the industry.

Average Trading Volume: 408,397

Technical Sentiment Signal: Strong Buy

Current Market Cap: £348.8M

For an in-depth examination of SBRE stock, go to TipRanks’ Overview page.