Lancashire’s (LRE) Buy Rating Reaffirmed at Jefferies Financial Group

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

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

Lancashire Stock Performance

LON LRE traded up GBX 13 during trading hours on Tuesday, hitting GBX 680. 703,492 shares of the company traded hands, compared to its average volume of 3,479,215. The business’s 50-day moving average is GBX 622.02 and its 200-day moving average is GBX 619.06. Lancashire has a twelve month low of GBX 549 and a twelve month high of GBX 689. The stock has a market capitalization of £1.65 billion, a price-to-earnings ratio of 5.27, a P/E/G ratio of 0.21 and a beta of 0.46.

Insider Activity

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