Sabre Insurance Group (LON:SBRE) Trading Down 0.8% – Here’s Why

Sabre Insurance Group plc (LON:SBRE)’s share price traded down 0.8% on Friday . The company traded as low as GBX 145.60 ($1.97) and last traded at GBX 145.80 ($1.97). 107,876 shares traded hands during trading, a decline of 82% from the average session volume of 599,368 shares. The stock had previously closed at GBX 147 ($1.99).

Wall Street Analyst Weigh In

SBRE has been the subject of several research analyst reports. Royal Bank Of Canada lifted their target price on shares of Sabre Insurance Group from GBX 160 to GBX 170 and gave the company an “outperform” rating in a research report on Friday, August 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 200 target price on shares of Sabre Insurance Group in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 185.

Sabre Insurance Group Stock Down 0.8%

The business’s 50-day simple moving average is GBX 148.12 and its 200 day simple moving average is GBX 136.23. The firm has a market capitalization of £363.28 million, a P/E ratio of 12.30, a PEG ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 7.64 EPS for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. Sell-side analysts predict that Sabre Insurance Group plc will post 19.083558 earnings per share for the current year.

About Sabre Insurance Group

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. It offers taxi, private car, and motorcycle insurance through a network of insurance brokers, as well as through its Go Girl and Insure 2 Drive brands. The company was founded in 1982 and is based in Dorking, the United Kingdom.