Sabre Insurance Group (LON:SBRE) Shares Down 2.8% – Here’s What Happened

Sabre Insurance Group plc (LON:SBRE)’s share price traded down 2.8% during trading on Tuesday . The stock traded as low as GBX 166 and last traded at GBX 166.20. 533,519 shares traded hands during trading, a decline of 61% from the average session volume of 1,352,454 shares. The stock had previously closed at GBX 171.

Analyst Ratings Changes

SBRE has been the subject of several research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 180 target price on shares of Sabre Insurance Group in a research report on Wednesday, August 5th. Berenberg Bank restated a “buy” rating and issued a GBX 200 target price on shares of Sabre Insurance Group in a research report on Wednesday, August 5th. Peel Hunt restated an “add” rating and set a GBX 200 price objective on shares of Sabre Insurance Group in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 152 target price on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 183.

Sabre Insurance Group Stock Performance

The firm’s 50 day simple moving average is GBX 177.34 and its 200-day simple moving average is GBX 160.99. The company has a market capitalization of £402.26 million, a price-to-earnings ratio of 10.89, a P/E/G ratio of 4.08 and a beta of 0.07.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX 7.33 EPS for the quarter. Sabre Insurance Group had a return on equity of 14.67% and a net margin of 16.49%. As a group, equities analysts anticipate that Sabre Insurance Group plc will post 19.083558 earnings per share for the current fiscal 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.