Sabre Insurance Group (LON:SBRE) Sets New 1-Year High – Still a Buy?

Sabre Insurance Group plc (LON:SBRE) shares reached a new 52-week high during mid-day 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

SBRE has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 152 price target on shares of Sabre Insurance Group in a research note on Thursday, May 21st. Berenberg Bank lifted their target price on shares of Sabre Insurance Group from GBX 185 to GBX 195 and gave the company a “buy” rating 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. Based on data from MarketBeat, 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 stock’s fifty day moving average is GBX 157.72 and its 200-day moving average is GBX 145.72. The stock has a market cap of £437.31 million, a PE ratio of 11.73, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

Insider Buying and Selling

In related news, insider Adam Richard Westwood sold 72,426 shares of the 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. Also, insider Geoffrey Richard Carter sold 148,146 shares of Sabre Insurance Group stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 160, for a total value of £237,033.60. In the last ninety days, insiders have purchased 351 shares of company stock valued at $55,125 and have sold 251,193 shares valued at $40,190,880. Company 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.