Sabre Insurance Group (LON:SBRE) Reaches New 52-Week High – Time to Buy?

Sabre Insurance Group plc (LON:SBRE)’s share price hit a new 52-week high during mid-day 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 Upgrades and Downgrades

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

Sabre Insurance Group Stock Down 0.9%

The stock has a 50 day moving average of GBX 161.13 and a 200 day moving average of GBX 148.41. The firm has a market cap 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.

Insider Activity at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter sold 30,621 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of GBX 160, for a total transaction of £48,993.60. 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.