Jefferies Financial Group Has Lowered Expectations for Lancashire (LON:LRE) Stock Price

Lancashire (LON:LRE) had its target price decreased by investment analysts at Jefferies Financial Group from GBX 820 to GBX 736 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 24.11% from the stock’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Lancashire in a report on Friday, July 18th. Citigroup lifted their price objective on Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. Berenberg Bank upped their target price on Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a report on Wednesday, November 5th. Royal Bank Of Canada lifted their price target on Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. Finally, Peel Hunt restated a “hold” rating and set a GBX 645 target price on shares of Lancashire in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lancashire currently has a consensus rating of “Hold” and an average target price of GBX 686.20.

Lancashire Stock Performance

LON:LRE opened at GBX 593 on Wednesday. The company has a market cap of £1.44 billion, a P/E ratio of 6.45, a P/E/G ratio of 0.21 and a beta of 0.62. Lancashire has a twelve month low of GBX 505 and a twelve month high of GBX 700. The company’s 50-day moving average price is GBX 651.70 and its 200-day moving average price is GBX 616.95. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26.

Insiders Place Their Bets

In other news, insider Philip Broadley bought 4,700 shares of Lancashire stock in a transaction on Thursday, September 18th. The shares were bought at an average cost of GBX 637 per share, for a total transaction of £29,939. 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.