Sabre Insurance Group (LON:SBRE) Sets New 1-Year High – Here’s What Happened

Sabre Insurance Group plc (LON:SBRE)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 187.80 and last traded at GBX 183.40, with a volume of 2173927 shares. The stock had previously closed at GBX 185.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SBRE shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a report on Thursday, May 21st. Berenberg Bank lifted 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, Royal Bank Of Canada boosted their price target on Sabre Insurance Group from GBX 160 to GBX 180 and gave the company a “sector perform” rating in a report on Friday, July 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 180.50.

Sabre Insurance Group Price Performance

The stock’s fifty day moving average price is GBX 167.39 and its 200-day moving average price is GBX 151.88. The firm has a market cap of £446.05 million, a PE ratio of 12.02, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

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.