Sabre Insurance Group plc (LON:SBRE – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 172.71 and traded as high as GBX 174.80. Sabre Insurance Group shares last traded at GBX 174.40, with a volume of 495,093 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SBRE shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 172 price target on shares of Sabre Insurance Group in a research report on Wednesday, October 21st. Berenberg Bank reissued a “buy” rating and set a GBX 205 price objective on shares of Sabre Insurance Group in a report on Tuesday, October 20th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 180 price objective on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Finally, Peel Hunt restated an “add” rating and set a GBX 200 target price on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Sabre Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 189.25.
View Our Latest Stock Report on Sabre Insurance Group
Sabre Insurance Group Price Performance
The business has a 50-day moving average of GBX 172.71 and a two-hundred day moving average of GBX 160.63. The company has a market cap of £417.20 million, a P/E ratio of 11.57, a P/E/G ratio of 4.08 and a beta of 0.07.
Sabre Insurance Group (LON:SBRE – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported GBX 7.33 EPS for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. Equities analysts anticipate that Sabre Insurance Group plc will post 19.08 EPS for the current fiscal year.
Insider Activity
In other news, insider Adam Richard Westwood sold 10,976 shares of Sabre Insurance Group stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total value of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of the business’s stock in a transaction that occurred on 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 three months, insiders have acquired 345 shares of company stock valued at $59,872. Insiders own 1.49% of the company’s stock.
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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