Sabre Insurance Group (LON:SBRE) Stock Falls 10.2% – Time to Sell?

Sabre Insurance Group plc (LON:SBRE) dropped 10.2% during trading on Tuesday. The company traded as low as GBX 162.40 and last traded at GBX 166.47. Approximately 3,293,197 shares were traded during mid-day trading, an increase of 170% from the average daily volume of 1,221,536 shares. The stock had previously closed at GBX 185.40.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBRE. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 180 target price on shares of Sabre Insurance Group in a report on Wednesday, August 5th. Berenberg Bank reissued a “buy” rating and set a GBX 205 price target on shares of Sabre Insurance Group in a research report on Tuesday. Peel Hunt reissued an “add” rating and set a GBX 200 price target on shares of Sabre Insurance Group in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 172 price objective on shares of Sabre Insurance Group in a report on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 189.25.

Sabre Insurance Group Stock Performance

The stock has a market capitalization of £406.10 million, a P/E ratio of 11.27, a PEG ratio of 4.08 and a beta of 0.07. The firm has a fifty day moving average price of GBX 172.96 and a two-hundred day moving average price of GBX 168.42.

Sabre Insurance Group (LON:SBRE) last posted 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%. On average, research analysts anticipate that Sabre Insurance Group plc will post 19.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Sabre Insurance Group

In other news, insider Adam Richard Westwood sold 10,976 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of GBX 177, for a total transaction of £19,427.52. Also, insider Geoffrey Richard Carter sold 9,330 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 176, for a total value of £16,420.80. Insiders have purchased 345 shares of company stock worth $59,872 over the last quarter. 1.49% of the stock is owned by company 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.