Sabre Insurance Group (LON:SBRE) Hits New 12-Month High – Here’s Why

Sabre Insurance Group plc (LON:SBRE)’s stock price reached a new 52-week high during mid-day trading 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.

Wall Street Analysts Forecast Growth

SBRE has been the subject of a number of research analyst reports. Berenberg Bank increased their price target 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. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 152 target price on shares of Sabre Insurance Group in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 169.25.

Sabre Insurance Group Stock Up 0.7%

The firm has a market capitalization of £411.41 million, a P/E ratio of 11.04, a PEG ratio of 4.08 and a beta of 0.07. The business’s 50 day moving average is GBX 156.93 and its two-hundred day moving average is GBX 144.46.

Insider Activity

In other Sabre Insurance Group news, insider Adam Richard Westwood sold 72,426 shares of the business’s stock in a transaction dated 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 the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £237,033.60. In the last three months, insiders have acquired 351 shares of company stock worth $55,125 and have sold 251,193 shares worth $40,190,880. 1.47% of the stock is currently owned by company 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.