Barclays Cuts Lancashire (LON:LRE) Price Target to GBX 790

Lancashire (LON:LRE) had its target price cut by research analysts at Barclays from GBX 800 ($10.05) to GBX 790 ($9.92) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 32.55% from the company’s current price.

A number of other research firms have also weighed in on LRE. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 750 ($9.42) price objective on shares of Lancashire in a research note on Thursday, March 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.05) price target on shares of Lancashire in a report on Friday, March 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 825 ($10.36) price target on shares of Lancashire in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Lancashire presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 792 ($9.95).

Lancashire Trading Down 1.3 %

Shares of LRE stock opened at GBX 596 ($7.49) on Friday. The business has a 50-day moving average of GBX 617.22 and a 200 day moving average of GBX 616.01. 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 1-year low of GBX 525 ($6.59) and a 1-year high of GBX 690 ($8.67). The stock has a market capitalization of £1.42 billion, a PE ratio of 567.62, a P/E/G ratio of 0.21 and a beta of 0.58.

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.