Lancashire (LON:LRE) Price Target Raised to GBX 625

Lancashire (LON:LRE) had its price objective hoisted by Royal Bank Of Canada from GBX 600 to GBX 625 in a research report released on Thursday morning, Marketbeat.com reports. Royal Bank Of Canada currently has an underperform rating on the stock.

Several other equities research analysts have also recently commented on LRE. Peel Hunt reissued a “hold” rating and set a GBX 645 target price on shares of Lancashire in a report on Wednesday. Citigroup increased their price objective on Lancashire from GBX 656 to GBX 696 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Berenberg Bank reissued a “hold” rating and issued a GBX 670 target price on shares of Lancashire in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Lancashire in a research note on Friday, July 18th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lancashire currently has a consensus rating of “Hold” and a consensus target price of GBX 673.75.

Lancashire Trading Down 0.1%

Lancashire stock opened at GBX 666 on Thursday. Lancashire has a 52-week low of GBX 505 and a 52-week high of GBX 700. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The firm has a market capitalization of £1.61 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.21 and a beta of 0.62. The firm has a 50-day moving average price of GBX 647.32 and a two-hundred day moving average price of GBX 615.28.

Insider Buying and Selling

In related news, insider Philip Broadley bought 4,700 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was acquired at an average cost of GBX 637 per share, with a total value of £29,939. Also, insider Bryan Joseph acquired 1,200 shares of the company’s stock in a transaction on Friday, August 15th. The shares were bought at an average price of GBX 609 per share, with a total value of £7,308. Insiders own 4.61% of the company’s stock.

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.