Sabre Insurance Group plc (LON:SBRE – Get Free Report)’s share price dropped 10.2% on Tuesday. The company traded as low as GBX 162.40 and last traded at GBX 166.47. Approximately 3,293,197 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 1,221,536 shares. The stock had previously closed at GBX 185.40.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on SBRE shares. Peel Hunt reiterated an “add” rating and set a GBX 200 price target on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 152 price target on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 180 price target on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 205 price objective on shares of Sabre Insurance Group in a report on Tuesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 184.25.
Check Out Our Latest Report on Sabre Insurance Group
Sabre Insurance Group Stock Down 10.2%
The stock has a market capitalization of £401.92 million, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The stock’s 50-day simple moving average is GBX 173.12 and its 200 day simple moving average is GBX 168.27.
Sabre Insurance Group (LON:SBRE – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 7.33 earnings per share for the quarter. Sabre Insurance Group had a return on equity of 14.67% and a net margin of 16.49%. As a group, equities research analysts anticipate that Sabre Insurance Group plc will post 19.08 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Adam Richard Westwood sold 10,976 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total transaction of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total transaction of £16,420.80. Over the last 90 days, insiders bought 345 shares of company stock valued at $59,872. 1.49% of the stock is currently owned by corporate insiders.
Sabre Insurance Group Company Profile
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.
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