Sabre Insurance Group (LON:SBRE) Hits New 12-Month High – Time to Buy?

Sabre Insurance Group plc (LON:SBRE) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 165 and last traded at GBX 164.60, with a volume of 777405 shares trading hands. The stock had previously closed at GBX 156.60.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 185 price objective on shares of Sabre Insurance Group in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 156.25.

Sabre Insurance Group Trading Up 5.1%

The company has a market capitalization of £402.67 million, a PE ratio of 10.37, a PEG ratio of 4.08 and a beta of 0.07. The business has a fifty day moving average of GBX 133.35 and a 200 day moving average of GBX 132.81.

Sabre Insurance Group (LON:SBRE) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 15.37 earnings per share (EPS) for the quarter. Sabre Insurance Group had a net margin of 17.48% and a return on equity of 11.29%. Equities analysts forecast that Sabre Insurance Group plc will post 19.083558 EPS for the current fiscal year.

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.