Lancashire (LON:LRE) Given “Buy” Rating at Berenberg Bank

Lancashire (LON:LREGet Rating)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Thursday, reports. They presently have a GBX 760 ($9.69) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 81.04% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.33) price objective on shares of Lancashire in a report on Friday, April 1st. Morgan Stanley restated an “underweight” rating on shares of Lancashire in a report on Tuesday. Finally, Barclays lowered their target price on Lancashire from GBX 781 ($9.95) to GBX 731 ($9.32) and set an “overweight” rating for the company in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 652.13 ($8.31).

LRE stock opened at GBX 419.80 ($5.35) on Thursday. The business’s 50-day moving average price is GBX 413.40 and its 200-day moving average price is GBX 485.98. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 32.81. Lancashire has a twelve month low of GBX 342.40 ($4.36) and a twelve month high of GBX 725 ($9.24). The stock has a market cap of £1.02 billion and a P/E ratio of -20.62.

In other Lancashire news, insider Natalie Kershaw purchased 12,438 shares of the stock in a transaction on Monday, March 14th. The shares were bought at an average price of GBX 402 ($5.12) per share, for a total transaction of £50,000.76 ($63,727.71). Also, insider Alex Maloney sold 86,673 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of GBX 499 ($6.36), for a total value of £432,498.27 ($551,234.09).

Lancashire Company Profile (Get Rating)

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.

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Analyst Recommendations for Lancashire (LON:LRE)

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