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

Sabre Insurance Group plc (LON:SBRE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 186.40 and last traded at GBX 183.31, with a volume of 942837 shares trading hands. The stock had previously closed at GBX 184.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective 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. Jefferies Financial Group reissued a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a research note on Thursday, May 21st. Finally, 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 note on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 180.50.

Sabre Insurance Group Stock Performance

The company has a market cap of £445.82 million, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07. The firm’s 50 day moving average price is GBX 163.81 and its two-hundred day moving average price is GBX 149.96.

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.