Lancashire (LON:LRE – Get Free Report)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 691 price target on the stock. Jefferies Financial Group‘s price objective suggests a potential downside of 1.29% from the stock’s current price.
A number of other equities analysts have also recently issued reports on LRE. Berenberg Bank reissued a “hold” rating and issued a GBX 700 target price on shares of Lancashire in a report on Thursday, July 30th. Royal Bank Of Canada decreased their price target on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lancashire presently has a consensus rating of “Hold” and an average price target of GBX 663.17.
Lancashire Trading Up 0.8%
LON LRE opened at GBX 700 on Wednesday. The stock’s 50 day moving average is GBX 649.37 and its two-hundred day moving average is GBX 625.80. The company has a market capitalization of £1.70 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.21 and a beta of 0.46. Lancashire has a 1-year low of GBX 549 and a 1-year high of GBX 710.
Insider Buying and Selling at Lancashire
In other news, insider Philip Broadley bought 1,745 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of GBX 630 per share, for a total transaction of £10,993.50. Insiders own 5.31% of the company’s stock.
Lancashire Company Profile
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, Australia, and the United States. The company operates through two segments, Reinsurance and Insurance. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.
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