Lancashire (LON:LRE) Price Target Lowered to GBX 658 at The Goldman Sachs Group

Lancashire (LON:LRE) had its price target cut by The Goldman Sachs Group from GBX 763 to GBX 658 in a research note published on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on LRE. Citigroup lifted their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. Jefferies Financial Group decreased their price target on shares of Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Peel Hunt reiterated a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a report on Wednesday, November 5th. Royal Bank Of Canada raised their price objective on Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Finally, Berenberg Bank lifted their target price on Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 681.50.

Lancashire Stock Performance

LRE stock opened at GBX 631 on Wednesday. Lancashire has a twelve month low of GBX 505 and a twelve month high of GBX 700. The firm has a market cap of £1.53 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.21 and a beta of 0.62. The business’s fifty day simple moving average is GBX 603.23 and its two-hundred day simple moving average is GBX 623.65. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26.

Insider Activity

In other news, insider Bob Cox purchased 2,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of GBX 582 per share, with a total value of £11,640. Also, insider Philip Broadley bought 5,580 shares of Lancashire stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of GBX 594 per share, for a total transaction of £33,145.20. 4.61% of the stock is owned by insiders.

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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.