Sabre Insurance Group (LON:SBRE) Sets New 52-Week High – What’s Next?

Sabre Insurance Group plc (LON:SBRE) reached a new 52-week high during trading on Monday . The company traded as high as GBX 169 and last traded at GBX 166, with a volume of 1020149 shares traded. The stock had previously closed at GBX 164.15.

Analyst Upgrades and Downgrades

SBRE has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 152 target price on shares of Sabre Insurance Group in a research report on Thursday, May 21st. Berenberg Bank boosted their target price on shares of Sabre Insurance Group from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 169.25.

Sabre Insurance Group Price Performance

The business’s 50-day moving average price is GBX 155.93 and its 200 day moving average price is GBX 142.34. The firm has a market capitalization of £405.55 million, a price-to-earnings ratio of 10.88, a PEG ratio of 4.08 and a beta of 0.07.

Insider Buying and Selling at Sabre Insurance Group

In related news, insider Adam Richard Westwood sold 72,426 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total value of £115,881.60. Also, insider Geoffrey Richard Carter sold 30,621 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of GBX 160, for a total transaction of £48,993.60. Over the last ninety days, insiders purchased 351 shares of company stock worth $55,125 and sold 251,193 shares worth $40,190,880. Corporate 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.