Berenberg Bank Forecasts Strong Price Appreciation for Lancashire (LON:LRE) Stock

Lancashire (LON:LRE) had its target price increased by equities research analysts at Berenberg Bank from GBX 670 to GBX 700 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 5.74% from the company’s current price.

Several other research firms have also issued reports on LRE. Peel Hunt reaffirmed a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Lancashire in a research report on Friday, July 18th. Citigroup upped their target price on Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada raised their price target on Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 673.75.

Lancashire Stock Down 1.5%

Shares of Lancashire stock opened at GBX 662 on Wednesday. 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 company has a market cap of £1.60 billion, a P/E ratio of 7.20, a PEG ratio of 0.21 and a beta of 0.62. The firm’s 50 day moving average price is GBX 645.16 and its 200-day moving average price is GBX 614.21. Lancashire has a 52-week low of GBX 505 and a 52-week high of GBX 700.

Insider Activity

In other news, insider Philip Broadley bought 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was purchased at an average price of GBX 637 per share, with a total value of £29,939. Also, insider Bryan Joseph bought 1,200 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of GBX 609 per share, for a total transaction of £7,308. Company 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.