Geoffrey Richard Carter Acquires 156 Shares of Sabre Insurance Group (LON:SBRE) Stock

Sabre Insurance Group plc (LON:SBRE) insider Geoffrey Richard Carter bought 156 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average cost of GBX 129 per share, with a total value of £201.24.

Geoffrey Richard Carter also recently made the following trade(s):

• On Friday, October 10th, Geoffrey Richard Carter bought 112 shares of Sabre Insurance Group stock. The shares were purchased at an average price of GBX 134 per share, for a total transaction of £150.08.
• On Wednesday, September 24th, Geoffrey Richard Carter purchased 250 shares of Sabre Insurance Group stock. The stock was purchased at an average price of GBX 142 per share, with a total value of £355.
• On Wednesday, September 10th, Geoffrey Richard Carter bought 109 shares of Sabre Insurance Group stock. The shares were acquired at an average price of GBX 135 per share, with a total value of £147.15.

Sabre Insurance Group Price Performance

LON:SBRE traded down GBX 1.80 during trading hours on Tuesday, reaching GBX 125.60. 553,502 shares of the company traded hands, compared to its average volume of 563,937. The firm’s 50-day moving average is GBX 135.93 and its 200-day moving average is GBX 139.74. The stock has a market cap of £307.26 million, a P/E ratio of 7.91, a P/E/G ratio of 4.08 and a beta of 0.22. Sabre Insurance Group plc has a 1-year low of GBX 118.60 and a 1-year high of GBX 160.20.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SBRE shares. Royal Bank Of Canada lowered Sabre Insurance Group to a “sector perform” rating and dropped their target price for the company from GBX 170 to GBX 135 in a research note on Friday. Jefferies Financial Group reduced their target price on Sabre Insurance Group from GBX 116 to GBX 110 and set a “buy” rating on the stock in a report on Friday, October 17th. Peel Hunt reissued a “buy” rating and issued a GBX 195 target price on shares of Sabre Insurance Group in a research note on Thursday, October 16th. Finally, Berenberg Bank cut their price objective on Sabre Insurance Group from GBX 200 to GBX 190 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sabre Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 157.50.

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.