Sabre Insurance Group (LON:SBRE) Sets New 52-Week High – Should You Buy?

Sabre Insurance Group plc (LON:SBRE) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 187.80 and last traded at GBX 183.40, with a volume of 2173927 shares. The stock had previously closed at GBX 185.60.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SBRE shares. Royal Bank Of Canada boosted their price objective on Sabre Insurance Group from GBX 160 to GBX 180 and gave the stock a “sector perform” rating in a research report on Friday, July 3rd. Jefferies Financial Group restated a “hold” rating and issued a GBX 152 price objective on shares of Sabre Insurance Group in a report on Thursday, May 21st. Finally, 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 research note on Thursday, May 21st. Two equities research 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 company currently has an average rating of “Moderate Buy” and an average price target of GBX 180.50.

Sabre Insurance Group Price Performance

The firm’s 50 day moving average price is GBX 167.39 and its two-hundred day moving average price is GBX 151.88. The firm has a market cap of £446.05 million, a price-to-earnings ratio of 12.02, a P/E/G ratio of 4.08 and a beta of 0.07.

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.