Sabre Insurance Group (LON:SBRE) Sets New 52-Week High – What’s Next?

Sabre Insurance Group plc (LON:SBRE)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 186.40 and last traded at GBX 183.31, with a volume of 942837 shares. The stock had previously closed at GBX 184.

Wall Street Analysts Forecast Growth

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

Sabre Insurance Group Stock Up 0.1%

The business’s fifty day moving average is GBX 165.23 and its two-hundred day moving average is GBX 150.59. The firm has a market cap of £452.37 million, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

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.