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SABRE INSURANCE GROUP 228

P 218 208 224 198 22 Mar 16 Mar 17 Mar 18 Mar 21 Mar 22 Mar

Sabre Insurance posted results with premium income slightly ahead of analyst expectations at £196m. Peel Hunt analysts recommended the stock as a Buy with a target price of 255p. In a note to investors, analysts said: "The outlook for the core book is improving, with signs that Motor new business rates in the market are finally turning (mid-single digit) ahead of the FCA's pricing reforms."

SOFTCAT 1,900

P 1,800 1,700 1,786.00 1,600 22 Mar 1,500 16 Mar 17 Mar 18 Mar 21 Mar 22 Mar

IT infrastructure and services provider Softcat reported a robust first half, with gross profit growth of 11.7 per cent. Analysts from Peel Hunt rated the stock as a Buy with a target price of 2,205p. However, analysts noted the City-based firm was experiencing "general employment issues across technical and salespeople", but has larger pay rises in the pipeline for the coming months.

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