Sabre Insurance Group (LON:SBRE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Sabre Insurance Group (LON:SBRE) had its price objective upped by equities research analysts at Royal Bank Of Canada from GBX 160 to GBX 180 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 1.64% from the company’s previous close.

Several other research firms also recently weighed in on SBRE. Berenberg Bank boosted their price target on shares of Sabre Insurance Group from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 152 price target on shares of Sabre Insurance Group in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 180.50.

Sabre Insurance Group Stock Up 1.1%

SBRE opened at GBX 183 on Friday. The stock has a market cap of £447.08 million, a PE ratio of 11.99, a P/E/G ratio of 4.08 and a beta of 0.07. The business’s fifty day simple moving average is GBX 158.34 and its 200 day simple moving average is GBX 146.49. Sabre Insurance Group has a 52 week low of GBX 123 and a 52 week high of GBX 183.20.

Insider Activity

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 148,146 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £237,033.60. Also, insider Adam Richard Westwood sold 72,426 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £115,881.60. In the last ninety days, insiders bought 351 shares of company stock valued at $55,125 and sold 251,193 shares valued at $40,190,880. 1.47% 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.