Sabre Insurance Group (LON:SBRE) Sets New 1-Year Low at $183.40

Sabre Insurance Group plc (LON:SBRE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 183.40 ($2.40) and last traded at GBX 184 ($2.40), with a volume of 188000 shares changing hands. The stock had previously closed at GBX 191 ($2.50).

A number of analysts have recently issued reports on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 255 ($3.33) price objective on shares of Sabre Insurance Group in a report on Wednesday, November 10th. Barclays reiterated an “equal weight” rating and issued a GBX 244 ($3.19) price objective on shares of Sabre Insurance Group in a report on Wednesday, November 10th. Shore Capital reiterated an “under review” rating on shares of Sabre Insurance Group in a report on Thursday, October 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 255 ($3.33) price objective on shares of Sabre Insurance Group in a report on Wednesday, November 10th. Finally, Berenberg Bank boosted their target price on shares of Sabre Insurance Group from GBX 195 ($2.55) to GBX 205 ($2.68) and gave the stock a “sell” rating in a report on Wednesday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 253.80 ($3.32).

The stock has a market cap of £460 million and a price-to-earnings ratio of 13.64. The business has a fifty day simple moving average of GBX 205.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.51 and a quick ratio of 0.20.

In other Sabre Insurance Group news, insider Ian Edward Clark bought 37,245 shares of Sabre Insurance Group stock in a transaction dated Thursday, November 4th. The stock was bought at an average price of GBX 187 ($2.44) per share, with a total value of £69,648.15 ($90,995.75). Also, insider Geoffrey Richard Carter bought 5,210 shares of Sabre Insurance Group stock in a transaction dated Thursday, October 14th. The stock was acquired at an average cost of GBX 190 ($2.48) per share, with a total value of £9,899 ($12,933.11). Over the last 90 days, insiders have purchased 42,945 shares of company stock worth $8,061,004.

Sabre Insurance Group Company Profile (LON:SBRE)

Sabre Insurance Group plc, through its subsidiaries, writes general insurance for motor vehicles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl and Insure 2 Drive. The company was founded in 1982 and is based in Dorking, the United Kingdom.

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