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

Sabre Insurance Group plc (LON:SBRE) shares rose 0.8% during trading on Tuesday . The stock traded as high as GBX 152 ($1.92) and last traded at GBX 150.80 ($1.91). Approximately 78,500 shares were traded during trading, a decline of 81% from the average daily volume of 411,212 shares. The stock had previously closed at GBX 149.60 ($1.89).

Wall Street Analyst Weigh In

SBRE has been the topic of several research analyst reports. Berenberg Bank increased their price target on shares of Sabre Insurance Group from GBX 211 ($2.67) to GBX 216 ($2.73) and gave the company a “buy” rating in a research note on Thursday, May 23rd. Royal Bank of Canada raised their price objective on shares of Sabre Insurance Group from GBX 200 ($2.53) to GBX 220 ($2.78) and gave the company an “outperform” rating in a research note on Wednesday, March 20th.

Sabre Insurance Group Trading Down 0.9 %

The company’s fifty day simple moving average is GBX 160.36 and its two-hundred day simple moving average is GBX 160.31. The company has a quick ratio of 0.21, a current ratio of 0.53 and a debt-to-equity ratio of 0.03. The company has a market capitalization of £369.14 million, a price-to-earnings ratio of 2,142.86, a price-to-earnings-growth ratio of 4.08 and a beta of 0.24.

Insiders Place Their Bets

In related news, insider Bryan Joseph acquired 15,209 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of GBX 164 ($2.07) per share, for a total transaction of £24,942.76 ($31,549.15). In related news, insider Bryan Joseph acquired 15,209 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of GBX 164 ($2.07) per share, for a total transaction of £24,942.76 ($31,549.15). Also, insider Adam Richard Westwood sold 28,087 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of GBX 167 ($2.11), for a total transaction of £46,905.29 ($59,328.73). Over the last three months, insiders have bought 15,427 shares of company stock worth $2,529,239. Company insiders own 8.27% of the company’s stock.

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.