Sabre Insurance Group (LON:SBRE) Hits New 1-Year High – Still a Buy?

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

Analysts Set New Price Targets

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

Sabre Insurance Group Price Performance

The company’s 50 day moving average is GBX 163.81 and its two-hundred day moving average is GBX 149.96. The firm has a market cap of £445.82 million, a P/E ratio of 12.01, a PEG ratio of 4.08 and a beta of 0.07.

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.