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

Sabre Insurance Group plc (LON:SBRE) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 169.20 and last traded at GBX 168.01, with a volume of 298193 shares. The stock had previously closed at GBX 167.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBRE shares. Jefferies Financial Group reiterated a “hold” rating and set a GBX 152 price objective on shares of Sabre Insurance Group in a research note 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 company 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. According to MarketBeat.com, Sabre Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 169.25.

Sabre Insurance Group Stock Performance

The stock has a fifty day simple moving average of GBX 157.22 and a two-hundred day simple moving average of GBX 144.93. The stock has a market cap of £418.25 million, a price-to-earnings ratio of 11.22, a P/E/G ratio of 4.08 and a beta of 0.07.

Insider Buying and Selling at Sabre Insurance Group

In other Sabre Insurance Group news, insider Geoffrey Richard Carter sold 30,621 shares of Sabre Insurance Group stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 160, for a total value of £48,993.60. Also, insider Adam Richard Westwood sold 72,426 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total value of £115,881.60. Over the last 90 days, insiders have purchased 351 shares of company stock valued at $55,125 and have sold 251,193 shares valued at $40,190,880. 1.47% of the stock is owned by corporate 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.