Sabre Insurance Group (LON:SBRE) Reaches New 1-Year High – Here’s What Happened

Sabre Insurance Group plc (LON:SBRE) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 180 and last traded at GBX 179, with a volume of 1181711 shares traded. The stock had previously closed at GBX 174.

Analysts Set New Price Targets

A number of research firms have weighed in on SBRE. Berenberg Bank increased their price objective on Sabre Insurance Group from GBX 185 to GBX 195 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 169.25.

Sabre Insurance Group Stock Performance

The stock has a market capitalization of £437.31 million, a PE ratio of 11.73, a P/E/G ratio of 4.08 and a beta of 0.07. The company’s fifty day simple moving average is GBX 157.72 and its two-hundred day simple moving average is GBX 145.72.

Insiders Place Their Bets

In other news, insider Geoffrey Richard Carter sold 148,146 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total value of £237,033.60. Also, insider Adam Richard Westwood sold 72,426 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 160, for a total transaction of £115,881.60. Over the last three months, insiders bought 351 shares of company stock valued at $55,125 and sold 251,193 shares valued at $40,190,880. 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.