Lancashire (LON:LRE) Stock Price Down 9.3% – What’s Next?

Lancashire Holdings Limited (LON:LRE) shares dropped 9.3% during trading on Friday . The company traded as low as GBX 592 and last traded at GBX 593. Approximately 637,644 shares traded hands during trading, a decline of 46% from the average daily volume of 1,191,625 shares. The stock had previously closed at GBX 654.

Analyst Upgrades and Downgrades

LRE has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Lancashire in a research note on Friday, July 18th. Jefferies Financial Group cut their price objective on shares of Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research report on Wednesday. Peel Hunt reissued a “hold” rating and set a GBX 645 price objective on shares of Lancashire in a research note on Wednesday, November 5th. Berenberg Bank lifted their target price on shares of Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Finally, Citigroup increased their price target on Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 686.20.

Lancashire Stock Down 2.0%

The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The firm’s 50-day moving average is GBX 651.70 and its 200 day moving average is GBX 616.95.

Insider Activity at Lancashire

In other news, insider Philip Broadley acquired 4,700 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was acquired at an average cost of GBX 637 per share, for a total transaction of £29,939. 4.61% of the stock is currently owned by insiders.

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.