Jefferies Financial Group Reaffirms Buy Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 691 target price on the stock. Jefferies Financial Group’s price target suggests a potential upside of 1.62% from the stock’s previous close.

A number of other brokerages have also commented on LRE. Royal Bank Of Canada cut their target price on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a research note on Thursday, July 30th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 700 price objective on shares of Lancashire in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 663.17.

Lancashire Trading Up 1.9%

LRE stock traded up GBX 13 during trading on Tuesday, reaching GBX 680. 703,492 shares of the stock were exchanged, compared to its average volume of 3,479,215. Lancashire has a twelve month low of GBX 549 and a twelve month high of GBX 689. The company has a market capitalization of £1.65 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The stock has a 50 day simple moving average of GBX 623.77 and a 200-day simple moving average of GBX 619.74.

Insider Transactions at Lancashire

In related news, insider Philip Broadley acquired 1,745 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost of GBX 630 per share, for a total transaction of £10,993.50. 5.31% 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.