Sabre Insurance Group (LON:SBRE) Trading Down 0.3% – Here’s Why

Sabre Insurance Group plc (LON:SBRE)’s stock price traded down 0.3% during trading on Tuesday . The stock traded as low as GBX 125.97 and last traded at GBX 127.20. 236,762 shares traded hands during trading, a decline of 56% from the average session volume of 543,825 shares. The stock had previously closed at GBX 127.60.

Analyst Ratings Changes

SBRE has been the topic of several research analyst reports. Jefferies Financial Group reduced their price objective on Sabre Insurance Group from GBX 116 to GBX 110 and set a “buy” rating on the stock in a research note on Friday, October 17th. Peel Hunt restated a “buy” rating and issued a GBX 195 price target on shares of Sabre Insurance Group in a report on Thursday, October 16th. Berenberg Bank reduced their price target on shares of 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. Finally, Royal Bank Of Canada downgraded shares of Sabre Insurance Group to a “sector perform” rating and decreased their price objective for the stock from GBX 170 to GBX 135 in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 157.50.

Sabre Insurance Group Stock Down 0.3%

The firm has a market cap of £311.18 million, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The business has a 50 day moving average price of GBX 132.11 and a 200-day moving average price of GBX 139.32.

Insider Activity at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter acquired 250 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were bought at an average price of GBX 142 per share, for a total transaction of £355. Also, insider David Neave bought 11,625 shares of Sabre Insurance Group stock in a transaction dated Wednesday, October 22nd. The shares were purchased at an average cost of GBX 131 per share, for a total transaction of £15,228.75. Insiders acquired 12,313 shares of company stock valued at $1,616,884 in the last ninety days. 1.35% of the stock is owned by corporate insiders.

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.