Sabre Insurance Group (LON:SBRE) Trading 1.3% Higher – Here’s What Happened

Sabre Insurance Group plc (LON:SBRE) rose 1.3% during trading on Tuesday . The stock traded as high as GBX 161 and last traded at GBX 158. Approximately 1,587,292 shares changed hands during trading, an increase of 52% from the average daily volume of 1,042,243 shares. The stock had previously closed at GBX 156.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 target price on shares of Sabre Insurance Group in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 156.25.

Sabre Insurance Group Price Performance

The firm has a market capitalization of £386.01 million, a PE ratio of 10.35, a P/E/G ratio of 4.08 and a beta of 0.07. The firm has a fifty day moving average price of GBX 142.15 and a 200 day moving average price of GBX 134.98.

Sabre Insurance Group (LON:SBRE) last announced its earnings results on Tuesday, March 10th. The company reported GBX 15.37 EPS for the quarter. Sabre Insurance Group had a return on equity of 11.29% and a net margin of 17.48%. On average, sell-side analysts expect that Sabre Insurance Group plc will post 19.083558 EPS for the current year.

About Sabre Insurance Group

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.