Lancashire (LON:LRE) Given Buy Rating at Jefferies Financial Group

Lancashire (LON:LRE)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 691 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 1.62% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a research report on Thursday, July 30th. Berenberg Bank restated a “hold” rating and issued a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lancashire presently has an average rating of “Hold” and an average price target of GBX 663.17.

Lancashire Price Performance

LRE stock traded up GBX 13 during trading hours on Tuesday, reaching GBX 680. 703,492 shares of the stock were exchanged, compared to its average volume of 3,479,215. The firm’s 50-day moving average is GBX 622.02 and its 200-day moving average is GBX 619.06. Lancashire has a 12 month low of GBX 549 and a 12 month high of GBX 689. The company has a market cap of £1.65 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.21 and a beta of 0.46.

Insider Transactions at Lancashire

In related news, insider Philip Broadley bought 1,745 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price 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.