Jefferies Financial Group Cuts Lancashire (LON:LRE) Price Target to GBX 668

Lancashire (LON:LRE) had its target price cut by Jefferies Financial Group from GBX 736 to GBX 668 in a research report released on Tuesday, Marketbeat reports. They currently have a buy rating on the stock.

Separately, The Goldman Sachs Group reduced their price target on Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 670.17.

Lancashire Price Performance

Shares of Lancashire stock opened at GBX 609 on Tuesday. Lancashire has a 1-year low of GBX 505 and a 1-year high of GBX 700. The company has a market capitalization of £1.47 billion, a PE ratio of 6.62, a P/E/G ratio of 0.21 and a beta of 0.40. The business has a 50-day moving average of GBX 629.70 and a 200-day moving average of GBX 628.66.

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.