Sabre Insurance Group (LON:SBRE) Stock Price Breaks Above 50-Day Moving Average - Time to Sell?

Key Points

• Sabre Insurance Group shares rose above their 50-day moving average, reaching GBX 174.80 and last trading at GBX 174.40, although the stock was down 0.9% overall.
• Analyst views are mixed, with two Buy and two Hold ratings. The stock has a consensus “Moderate Buy” rating and an average price target of GBX 189.25, implying potential upside from its trading price.
• The company reported quarterly EPS of GBX 7.33, a 16.49% net margin and 14.67% return on equity. Two insiders recently sold shares, while insider ownership stands at 1.49%.

Sabre Insurance Group plc (LON:SBRE - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 172.71 and traded as high as GBX 174.80. Sabre Insurance Group shares last traded at GBX 174.40, with a volume of 495,093 shares traded.

Analysts Set New Price Targets

SBRE has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 180 price target on shares of Sabre Insurance Group in a report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 172 price objective on shares of Sabre Insurance Group in a report on Wednesday, October 21st. Peel Hunt reaffirmed an "add" rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 205 price target on shares of Sabre Insurance Group in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Sabre Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 189.25.

Sabre Insurance Group Trading Down 0.9%

The company has a market capitalization of £417.20 million, a PE ratio of 11.57, a PEG ratio of 4.08 and a beta of 0.07. The firm's 50-day simple moving average is GBX 172.71 and its 200-day simple moving average is GBX 160.63.

Sabre Insurance Group (LON:SBRE - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported GBX 7.33 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, analysts anticipate that Sabre Insurance Group plc will post 19.08 EPS for the current year.

Insider Activity at Sabre Insurance Group

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 9,330 shares of Sabre Insurance Group stock in a transaction on Thursday, September 17th. The stock was sold at an average price of GBX 176, for a total transaction of £16,420.80. Also, insider Adam Richard Westwood sold 10,976 shares of the company's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of GBX 177, for a total value of £19,427.52. In the last three months, insiders purchased 345 shares of company stock worth $59,872. 1.49% of the stock is owned by 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.

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