Royal Bank Of Canada Forecasts Strong Price Appreciation for Sabre Insurance Group (LON:SBRE) Stock

Sabre Insurance Group (LON:SBRE) had its price objective boosted by equities research analysts at Royal Bank Of Canada from GBX 160 to GBX 180 in a report issued on Friday,London Stock Exchange reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 1.64% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a research note on Thursday, May 21st. Berenberg Bank raised their target price on Sabre Insurance Group from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Sabre Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 180.50.

Sabre Insurance Group Trading Up 1.1%

SBRE opened at GBX 183 on Friday. The company has a market cap of £447.08 million, a P/E ratio of 11.99, a PEG ratio of 4.08 and a beta of 0.07. The company’s 50 day moving average is GBX 158.34 and its 200-day moving average is GBX 146.49. Sabre Insurance Group has a 1-year low of GBX 123 and a 1-year high of GBX 183.20.

Insiders Place Their Bets

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 30,621 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of GBX 160, for a total value of £48,993.60. Also, insider Adam Richard Westwood sold 72,426 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £115,881.60. Over the last quarter, insiders have purchased 351 shares of company stock worth $55,125 and have sold 251,193 shares worth $40,190,880. Company insiders own 1.47% of the company’s stock.

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.