Lancashire (LON:LRE) Given New GBX 658 Price Target at The Goldman Sachs Group

Lancashire (LON:LRE) had its target price decreased by The Goldman Sachs Group from GBX 763 to GBX 658 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 4.28% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Berenberg Bank lifted their price objective on Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Peel Hunt reiterated a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a research note on Wednesday, November 5th. Royal Bank Of Canada boosted their price target on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Citigroup raised 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. Finally, Jefferies Financial Group lowered their target price on shares of Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 681.50.

Lancashire Trading Down 0.8%

LON:LRE traded down GBX 5 during trading hours on Wednesday, reaching GBX 631. 6,384,194 shares of the stock were exchanged, compared to its average volume of 1,132,441. The company has a market capitalization of £1.53 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.21 and a beta of 0.62. Lancashire has a twelve month low of GBX 505 and a twelve month high of GBX 700. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The business has a 50-day moving average of GBX 603.69 and a two-hundred day moving average of GBX 623.60.

Insiders Place Their Bets

In other news, insider Philip Broadley bought 5,580 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were acquired at an average price of GBX 594 per share, for a total transaction of £33,145.20. Also, insider Bob Cox bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of GBX 582 per share, with a total value of £11,640. 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. 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.