Lancashire (LON:LRE) Price Target Cut to GBX 668 by Analysts at Jefferies Financial Group

Lancashire (LON:LRE) had its price target trimmed by Jefferies Financial Group from GBX 736 to GBX 668 in a research note published on Tuesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, The Goldman Sachs Group reduced their price target on shares of Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Three 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 670.17.

Lancashire Stock Performance

LRE stock opened at GBX 609 on Tuesday. The company has a market cap of £1.47 billion, a price-to-earnings ratio of 6.62, a P/E/G ratio of 0.21 and a beta of 0.40. The business’s 50-day moving average is GBX 631.10 and its two-hundred day moving average is GBX 628.98. Lancashire has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 700.

Insider Buying and Selling at Lancashire

In related news, insider Philip Broadley acquired 5,580 shares of the stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of GBX 594 per share, with a total value of £33,145.20. 4.62% of the stock is currently owned by insiders.

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. 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.