Sabre Insurance Group (LON:SBRE) Shares Down 1.3% - Here's Why

Key Points

• Sabre Insurance Group's stock price declined by 1.3% to GBX 140.80 ($1.88) on Thursday, with trading volume significantly down by 81% compared to its average daily volume.
• Analysts have set a consensus target price of GBX 185 for the stock, with Berenberg Bank maintaining a "buy" rating and a price objective of GBX 200.
• Insider Geoffrey Richard Carter recently purchased 250 shares at an average price of GBX 142, indicating confidence in the company's future performance.

Sabre Insurance Group plc (LON:SBRE - Get Free Report)'s stock price was down 1.3% on Thursday . The stock traded as low as GBX 140.60 ($1.88) and last traded at GBX 140.80 ($1.88). Approximately 113,068 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 582,931 shares. The stock had previously closed at GBX 142.60 ($1.90).

Analysts Set New Price Targets

Several analysts recently weighed in on SBRE shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 200 price objective on shares of Sabre Insurance Group in a research note on Wednesday, September 3rd. Royal Bank Of Canada raised their price objective on Sabre Insurance Group from GBX 160 to GBX 170 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of GBX 185.

Sabre Insurance Group Stock Down 1.3%

The stock has a 50 day moving average price of GBX 145.55 and a 200 day moving average price of GBX 138.11. The stock has a market capitalization of £345.80 million, a price-to-earnings ratio of 886.65, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22.

Sabre Insurance Group (LON:SBRE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported GBX 7.64 EPS for the quarter. Sabre Insurance Group had a return on equity of 12.19% and a net margin of 12.82%. Sell-side analysts forecast that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Geoffrey Richard Carter acquired 250 shares of the stock in a transaction dated Wednesday, September 24th. The stock was bought at an average cost of GBX 142 per share, for a total transaction of £355. Insiders bought 620 shares of company stock worth $88,875 in the last ninety days. 1.34% of the stock is owned by company 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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