Lancashire’s (LRE) “Buy” Rating Reiterated at Jefferies Financial Group

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

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

Lancashire Stock Up 1.9%

Shares of LRE traded up GBX 13 during trading hours on Tuesday, hitting GBX 680. The company had a trading volume of 703,492 shares, compared to its average volume of 3,479,215. The firm has a market cap of £1.65 billion, a P/E ratio of 5.27, a P/E/G ratio of 0.21 and a beta of 0.46. The stock’s 50 day moving average price is GBX 623.77 and its 200 day moving average price is GBX 619.74. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 689.

Insiders Place Their Bets

In other news, insider Philip Broadley purchased 1,745 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average price of GBX 630 per share, with a total value of £10,993.50. 5.31% of the stock is owned by insiders.

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.