Lancashire (LON:LRE) Given New GBX 736 Price Target at Jefferies Financial Group

Lancashire (LON:LRE) had its target price lowered by equities researchers at Jefferies Financial Group from GBX 820 to GBX 736 in a report issued on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 12.54% from the company’s current price.

Other research analysts have also recently issued reports about the company. Berenberg Bank boosted their target price on Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Lancashire in a research note on Friday, July 18th. Royal Bank Of Canada upped their target price on Lancashire from GBX 600 to GBX 625 and gave the company an “underperform” rating in a report on Thursday, November 6th. Peel Hunt reiterated a “hold” rating and set a GBX 645 price target on shares of Lancashire in a report on Wednesday, November 5th. Finally, Citigroup upped their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 686.20.

Lancashire Price Performance

LRE traded down GBX 18 on Wednesday, hitting GBX 654. 31,816,262 shares of the company’s stock were exchanged, compared to its average volume of 1,335,007. Lancashire has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 700. The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 0.21 and a beta of 0.62. The firm has a 50-day moving average price of GBX 650.48 and a 200-day moving average price of GBX 616.86. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26.

Insider Activity at Lancashire

In other Lancashire news, insider Bryan Joseph acquired 1,200 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of GBX 609 per share, for a total transaction of £7,308. Also, insider Philip Broadley bought 4,700 shares of Lancashire stock in a transaction on Thursday, September 18th. The shares were acquired at an average price of GBX 637 per share, for a total transaction of £29,939. Company insiders own 4.61% 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.