Berenberg Bank Reiterates “Hold” Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 670 ($9.01) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 8.94% from the stock’s current price.

Several other equities analysts have also commented on the stock. Citigroup decreased their price objective on shares of Lancashire from GBX 709 ($9.54) to GBX 656 ($8.82) and set a “buy” rating on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Lancashire in a report on Friday, July 18th.

Lancashire Stock Performance

LON:LRE opened at GBX 615 ($8.27) on Thursday. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The firm has a market capitalization of £1.85 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.21 and a beta of 0.62. The company’s 50-day moving average is GBX 598.33 and its two-hundred day moving average is GBX 594.60. Lancashire has a 1-year low of GBX 505 ($6.79) and a 1-year high of GBX 721 ($9.70).

Insider Activity at Lancashire

In other Lancashire news, insider Sally Williams bought 868 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of GBX 575 ($7.73) per share, with a total value of £4,991 ($6,712.84). Corporate insiders own 0.64% 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.