Sabre Insurance Group (LON:SBRE) Shares Up 3.9% - Here's Why

Key Points

• Sabre Insurance Group's shares rose 3.9% during mid-day trading, reaching GBX 135.13 ($1.82) following a 166% increase in trading volume.
• Analysts have issued a buy rating, with new target prices ranging from GBX 170 to 195, indicating positive outlook for the company's stock.
• The company's latest quarterly report showed an earnings per share (EPS) of GBX 7.64, amidst a net margin of 12.82% and a return on equity of 12.19%.

Shares of Sabre Insurance Group plc (LON:SBRE - Get Free Report) traded up 3.9% during mid-day trading on Thursday . The stock traded as high as GBX 139 ($1.87) and last traded at GBX 135.13 ($1.82). 1,543,464 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 579,683 shares. The stock had previously closed at GBX 130 ($1.75).

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Peel Hunt restated a "buy" rating and issued a GBX 195 target price on shares of Sabre Insurance Group in a report on Thursday. Royal Bank Of Canada boosted their target price on shares of Sabre Insurance Group from GBX 160 to GBX 170 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Berenberg Bank dropped their target price on shares of Sabre Insurance Group from GBX 200 to GBX 190 and set a "buy" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sabre Insurance Group has an average rating of "Buy" and an average price target of GBX 185.

Sabre Insurance Group Trading Up 3.9%

The company has a market cap of £330.63 million, a P/E ratio of 850.96, a PEG ratio of 4.08 and a beta of 0.22. The stock's 50-day moving average price is GBX 141.37 and its 200-day moving average price is GBX 139.11.

Sabre Insurance Group (LON:SBRE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported GBX 7.64 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 12.82% and a return on equity of 12.19%. On average, research analysts anticipate 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 business's stock in a transaction dated Wednesday, September 24th. The shares were bought at an average price of GBX 142 per share, with a total value of £355. Over the last quarter, insiders have bought 631 shares of company stock worth $88,834. 1.34% 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.

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