Lancashire’s (LRE) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Lancashire (LON:LRE) in a report issued on Tuesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 691 price target on the stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada dropped their target price on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a report on Thursday, July 30th. Berenberg Bank reissued a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 663.17.

Lancashire Trading Up 0.9%

Shares of Lancashire stock opened at GBX 679 on Tuesday. The firm has a fifty day simple moving average of GBX 627.07 and a 200-day simple moving average of GBX 621.06. The stock has a market capitalization of £1.65 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 0.21 and a beta of 0.46. Lancashire has a 1-year low of GBX 549 and a 1-year high of GBX 693.

Insider Activity

In other Lancashire news, insider Philip Broadley acquired 1,745 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of GBX 630 per share, for a total transaction of £10,993.50. Corporate insiders own 5.31% of the company’s stock.

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.