Sabre Insurance Group (LON:SBRE) Shares Up 0.8%

Sabre Insurance Group plc (LON:SBRE)’s stock price shot up 0.8% during trading on Tuesday . The company traded as high as GBX 152 ($1.92) and last traded at GBX 150.80 ($1.91). 78,500 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 411,212 shares. The stock had previously closed at GBX 149.60 ($1.89).

Analysts Set New Price Targets

A number of research firms recently commented on SBRE. Royal Bank of Canada lifted their price target on Sabre Insurance Group from GBX 200 ($2.53) to GBX 220 ($2.78) and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Berenberg Bank lifted their price target on Sabre Insurance Group from GBX 211 ($2.67) to GBX 216 ($2.73) and gave the stock a “buy” rating in a research note on Thursday, May 23rd.

Sabre Insurance Group Price Performance

The company has a market cap of £369.14 million, a P/E ratio of 2,142.86, a PEG ratio of 4.08 and a beta of 0.24. The company has a fifty day simple moving average of GBX 160.36 and a 200-day simple moving average of GBX 160.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.53 and a quick ratio of 0.21.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Bryan Joseph purchased 15,209 shares of the company’s stock in a transaction on Monday, June 10th. The shares were bought at an average price of GBX 164 ($2.07) per share, with a total value of £24,942.76 ($31,549.15). In other Sabre Insurance Group news, insider Adam Richard Westwood sold 28,087 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of GBX 167 ($2.11), for a total transaction of £46,905.29 ($59,328.73). Also, insider Bryan Joseph bought 15,209 shares of the business’s stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of GBX 164 ($2.07) per share, for a total transaction of £24,942.76 ($31,549.15). Over the last 90 days, insiders have purchased 15,427 shares of company stock valued at $2,529,239. Corporate insiders own 8.27% 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.