Sabre Insurance Group (LON:SBRE) Stock Price Down 2.8% – Time to Sell?

Sabre Insurance Group plc (LON:SBRE) shares were down 2.8% during trading on Tuesday . The stock traded as low as GBX 166 and last traded at GBX 166.20. Approximately 533,519 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 1,352,454 shares. The stock had previously closed at GBX 171.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SBRE. Peel Hunt reaffirmed an “add” rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Jefferies Financial Group restated a “hold” rating and set a GBX 152 price target on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Berenberg Bank restated a “buy” rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Finally, 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 report on Wednesday, August 5th. 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 an average rating of “Moderate Buy” and an average price target of GBX 183.

Sabre Insurance Group Trading Down 2.8%

The firm’s fifty day moving average price is GBX 177.34 and its 200-day moving average price is GBX 160.99. The company has a market cap of £402.26 million, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 16.49% and a return on equity of 14.67%. As a group, research analysts anticipate that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

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.