Jefferies Financial Group Has Lowered Expectations for Lancashire (LON:LRE) Stock Price

Lancashire (LON:LRE) had its price target reduced by investment analysts at Jefferies Financial Group from GBX 736 to GBX 668 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.69% from the company’s current price.

Separately, The Goldman Sachs Group cut their price objective on shares of Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 670.17.

Lancashire Stock Up 3.2%

Shares of LON LRE traded up GBX 19 during mid-day trading on Tuesday, reaching GBX 609. 1,301,285 shares of the company were exchanged, compared to its average volume of 1,416,922. The stock has a market capitalization of £1.47 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.21 and a beta of 0.40. The company’s 50-day simple moving average is GBX 631.76 and its 200-day simple moving average is GBX 629.04. Lancashire has a twelve month low of GBX 505 and a twelve month high of GBX 700.

Insider Transactions at Lancashire

In related news, insider Philip Broadley acquired 5,580 shares of the stock in a transaction on Friday, December 12th. The shares were purchased at an average price of GBX 594 per share, for a total transaction of £33,145.20. 4.62% of the stock is owned by corporate insiders.

About Lancashire

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.