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

Shares of Sabre Insurance Group plc (LON:SBRE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 184.40 and last traded at GBX 181.22, with a volume of 369674 shares changing hands. The stock had previously closed at GBX 182.80.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SBRE. Royal Bank Of Canada upped their price objective on shares of Sabre Insurance Group from GBX 160 to GBX 180 and gave the stock a “sector perform” rating in a report on Friday, July 3rd. Berenberg Bank boosted 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 152 price target on shares of Sabre Insurance Group in a report on Thursday, May 21st. Two 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 an average rating of “Moderate Buy” and a consensus target price of GBX 180.50.

Sabre Insurance Group Price Performance

The company’s 50 day moving average price is GBX 161.76 and its 200 day moving average price is GBX 148.64. The firm has a market capitalization of £440.75 million, a P/E ratio of 11.88, a PEG ratio of 4.08 and a beta of 0.07.

Insider Buying and Selling

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 30,621 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of GBX 160, for a total transaction of £48,993.60. 1.47% of the stock is currently owned by insiders.

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.