Sabre Insurance Group (LON:SBRE) Sets New 12-Month High – What’s Next?

Sabre Insurance Group plc (LON:SBRE)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 180 and last traded at GBX 179, with a volume of 1181711 shares trading hands. The stock had previously closed at GBX 174.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SBRE shares. Royal Bank Of Canada boosted their target price on Sabre Insurance Group from GBX 160 to GBX 180 and gave the stock a “sector perform” rating in a research note on Friday. 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 report on Thursday, May 21st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 152 price target on shares of Sabre Insurance Group in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sabre Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 180.50.

Sabre Insurance Group Price Performance

The stock has a market cap of £446.59 million, a PE ratio of 11.98, a P/E/G ratio of 4.08 and a beta of 0.07. The firm’s 50 day moving average price is GBX 158.34 and its two-hundred day moving average price is GBX 146.49.

Insider Activity at Sabre Insurance Group

In related news, insider Geoffrey Richard Carter sold 148,146 shares of Sabre Insurance Group 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 Sabre Insurance Group stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total transaction of £115,881.60. Over the last ninety days, insiders purchased 351 shares of company stock valued at $55,125 and sold 251,193 shares valued at $40,190,880. 1.47% of the stock is currently owned by company insiders.

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.