Sabre Insurance Group (LON:SBRE) Trading Down 2.8% – Should You Sell?

Sabre Insurance Group plc (LON:SBRE)’s share price dropped 2.8% on Tuesday . The stock traded as low as GBX 166 and last traded at GBX 166.20. 533,519 shares traded hands during mid-day 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

A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 180 price target on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 price objective on shares of Sabre Insurance Group in a research note on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a report on Tuesday, August 4th. Finally, Peel Hunt restated an “add” rating and set a GBX 200 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 183.

Sabre Insurance Group Price Performance

The company’s 50-day moving average is GBX 177.40 and its 200-day moving average is GBX 161.27. The firm has a market capitalization of £416.30 million, a price-to-earnings ratio of 11.27, a PEG ratio of 4.08 and a beta of 0.07.

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

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.