Sabre Insurance Group (LON:SBRE) Trading 1.3% Higher – Here’s What Happened

Sabre Insurance Group plc (LON:SBRE)’s share price traded up 1.3% on Tuesday . The stock traded as high as GBX 161 and last traded at GBX 158. 1,587,292 shares were traded during mid-day trading, an increase of 52% from the average session volume of 1,042,243 shares. The stock had previously closed at GBX 156.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 185 price objective on shares of Sabre Insurance Group in a report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sabre Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 156.25.

Sabre Insurance Group Price Performance

The firm has a market cap of £386.01 million, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The company has a fifty day moving average price of GBX 142.15 and a two-hundred day moving average price of GBX 134.98.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 15.37 earnings per share for the quarter. Sabre Insurance Group had a return on equity of 11.29% and a net margin of 17.48%. On average, research analysts expect that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal 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.