Royal Bank Of Canada Lowers Lancashire (LON:LRE) Price Target to GBX 560

Lancashire (LON:LRE) had its price objective cut by research analysts at Royal Bank Of Canada from GBX 580 to GBX 560 in a report issued on Thursday,Digital Look reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 10.41% from the stock’s previous close.

A number of other research analysts also recently weighed in on LRE. Jefferies Financial Group restated a “buy” rating and issued a GBX 698 price target on shares of Lancashire in a research note on Wednesday. Berenberg Bank reissued a “hold” rating and issued a GBX 700 price objective on shares of Lancashire in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 664.33.

Lancashire Stock Performance

LRE opened at GBX 625.09 on Thursday. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 700. The firm has a market capitalization of £1.52 billion, a PE ratio of 5.34, a PEG ratio of 0.21 and a beta of 0.46. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51. The business’s 50-day simple moving average is GBX 634.36 and its 200 day simple moving average is GBX 620.76.

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.