Sabre Insurance Group (LON:SBRE) Hits New 12-Month High – Should You Buy?

Shares of Sabre Insurance Group plc (LON:SBRE) reached a new 52-week high on Monday . The stock traded as high as GBX 169 and last traded at GBX 166, with a volume of 1020149 shares trading hands. The stock had previously closed at GBX 164.15.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and set a GBX 152 target price 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 note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sabre Insurance Group presently has an average rating of “Moderate Buy” and an average target price of GBX 169.25.

Sabre Insurance Group Stock Up 1.1%

The firm’s 50 day simple moving average is GBX 155.93 and its two-hundred day simple moving average is GBX 142.34. The stock has a market cap of £405.55 million, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 4.08 and a beta of 0.07.

Insider Activity

In other news, insider Adam Richard Westwood sold 72,426 shares of the company’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 dated 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 90 days, insiders have bought 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 currently 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.