Sabre Insurance Group (LON:SBRE) Hits New 1-Year High – Here’s Why

Sabre Insurance Group plc (LON:SBRE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 169.20 and last traded at GBX 168.01, with a volume of 298193 shares changing hands. The stock had previously closed at GBX 167.20.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SBRE. Berenberg Bank increased their price target 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 reaffirmed a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 169.25.

Sabre Insurance Group Price Performance

The firm has a fifty day simple moving average of GBX 156.93 and a 200 day simple moving average of GBX 144.46. The company has a market capitalization of £411.41 million, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

Insider Activity at Sabre Insurance Group

In other news, insider Geoffrey Richard Carter sold 148,146 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total value of £237,033.60. Also, insider Adam Richard Westwood sold 72,426 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £115,881.60. Over the last quarter, insiders purchased 351 shares of company stock valued at $55,125 and sold 251,193 shares valued at $40,190,880. Corporate insiders own 1.47% of the company’s stock.

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.