Sabre Insurance Group (LON:SBRE) Reaches New 12-Month High – What’s Next?

Shares of Sabre Insurance Group plc (LON:SBRE) hit a new 52-week high during trading on Friday . The company traded as high as GBX 184.40 and last traded at GBX 181.22, with a volume of 369674 shares trading hands. The stock had previously closed at GBX 182.80.

Analyst Ratings Changes

Several research firms have recently weighed in on SBRE. Berenberg Bank boosted their price objective on shares of Sabre Insurance Group from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Royal Bank Of Canada lifted their price target on Sabre Insurance Group from GBX 160 to GBX 180 and gave the stock a “sector perform” rating in a report on Friday, July 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 152 price target on shares of Sabre Insurance Group in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 180.50.

Sabre Insurance Group Price Performance

The stock has a market capitalization of £440.75 million, a price-to-earnings ratio of 11.88, a P/E/G ratio of 4.08 and a beta of 0.07. The company’s 50-day simple moving average is GBX 161.13 and its 200-day simple moving average is GBX 148.41.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Geoffrey Richard Carter sold 30,621 shares of Sabre Insurance Group stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 160, for a total transaction of £48,993.60. Company insiders own 1.47% 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.