Sabre Insurance Group (LON:SBRE) Stock Price Up 3.3% – Still a Buy?

Sabre Insurance Group plc (LON:SBRE)’s stock price rose 3.3% during mid-day trading on Thursday . The stock traded as high as GBX 165.40 and last traded at GBX 165. Approximately 2,715,623 shares traded hands during trading, an increase of 96% from the average daily volume of 1,388,705 shares. The stock had previously closed at GBX 159.80.

Wall Street Analysts Forecast Growth

SBRE has been the topic of several recent analyst reports. Berenberg Bank upped their target price on Sabre Insurance Group from GBX 185 to GBX 195 and gave the company a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 152 target price on shares of Sabre Insurance Group in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sabre Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 169.25.

Sabre Insurance Group Price Performance

The business has a fifty day moving average price of GBX 155.93 and a two-hundred day moving average price of GBX 142.24. The firm has a market capitalization of £401.03 million, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

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

Insider Transactions at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter sold 148,146 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total value of £237,033.60. Also, insider Adam Richard Westwood sold 72,426 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total value of £115,881.60. Insiders sold 251,193 shares of company stock worth $40,190,880 over the last three months. Corporate insiders own 1.47% of the company’s stock.

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.