Lancashire (LON:LRE) Given Outperform Rating at Royal Bank of Canada

Lancashire (LON:LRE)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued on Friday, Digital Look reports. They presently have a GBX 825 ($10.36) price objective on the stock. Royal Bank of Canada’s price objective points to a potential upside of 37.17% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.05) price target on shares of Lancashire in a research note on Friday, March 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 750 ($9.42) price target on shares of Lancashire in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 768 ($9.65).

Lancashire Trading Down 0.4 %

LON LRE opened at GBX 601.43 ($7.55) on Friday. The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of 573.81, a price-to-earnings-growth ratio of 0.21 and a beta of 0.58. The firm’s fifty day moving average price is GBX 618.37 and its 200 day moving average price is GBX 615.14. The company has a debt-to-equity ratio of 31.25, a current ratio of 1.62 and a quick ratio of 1.18. Lancashire has a 12 month low of GBX 525 ($6.59) and a 12 month high of GBX 690 ($8.67).

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.