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

Sabre Insurance Group plc (LON:SBRE) shares 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 trading hands. The stock had previously closed at GBX 185.60.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SBRE. Royal Bank Of Canada increased their price target on Sabre Insurance Group from GBX 160 to GBX 180 and gave the stock a “sector perform” rating in a research note on Friday, July 3rd. Berenberg Bank raised their price target on Sabre Insurance Group from GBX 185 to GBX 195 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 180.50.

Sabre Insurance Group Stock Performance

The business’s fifty day simple moving average is GBX 168.73 and its 200-day simple moving average is GBX 152.47. The firm has a market capitalization of £451.08 million, a PE ratio of 12.15, 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.