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

Sabre Insurance Group plc (LON:SBRE)’s share price reached 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 traded. The stock had previously closed at GBX 156.60.

Analyst Ratings Changes

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

Sabre Insurance Group Price Performance

The company has a market cap of £402.67 million, a PE ratio of 10.37, a P/E/G ratio of 4.08 and a beta of 0.07. The business’s 50 day moving average is GBX 133.35 and its 200-day moving average is GBX 132.81.

Sabre Insurance Group (LON:SBRE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 15.37 earnings per share for the quarter. Sabre Insurance Group had a net margin of 17.48% and a return on equity of 11.29%. As a group, sell-side analysts predict 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.