Price Target Update on Sabre Corporation (NASDAQ:SABR)

Sabre Corporation (NASDAQ:SABR) : Currently there are 10 street experts covering Sabre Corporation (NASDAQ:SABR) stock. The most bullish and bearish price target for the stock is $36 and $33 respectively for the short term. The average price target of all the analysts comes to $34.3. The estimated standard deviation from the target is $1.06.

Other Equity analysts have also commented on the company shares. Equity Analysts at the SunTrust Robinson Humphrey upgrades the rating on Sabre Corporation (NASDAQ:SABR). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 1, 2016.

Sabre Corporation (NASDAQ:SABR): stock turned positive on Thursday. Though the stock opened at $26.5, the bulls momentum made the stock top out at $27 level for the day. The stock recorded a low of $26.32 and closed the trading day at $26.82, in the green by 0.83%. The total traded volume for the day was 3,367,923. The stock had closed at $26.6 in the previous days trading.

The company shares have rallied 8.79% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $30.46 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $28.06 and the 200 Day Moving Average price is recorded at $27.58. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Simonson Richard A, officer (Executive Vice President, CFO) of Sabre Corp, had unloaded 30,000 shares at an average price of $27.96 in a transaction dated on June 1, 2016. The total value of the transaction was worth $838,800.

Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network, which is a global business-to-business travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, which provides a suite of software solutions, primarily for airlines and hotel properties. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.

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