Lancashire (LON:LRE) Earns Buy Rating from Jefferies Financial Group

Lancashire (LON:LRE)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 691 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 1.77% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Royal Bank Of Canada lowered 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 reiterated a “hold” rating and set a GBX 700 price target on shares of Lancashire in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 663.17.

Lancashire Stock Performance

Shares of LRE opened at GBX 679 on Tuesday. The stock has a market capitalization of £1.65 billion, a P/E ratio of 5.26, a P/E/G 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. The company’s fifty day moving average is GBX 627.07 and its two-hundred day moving average is GBX 621.06.

Insider Buying and Selling

In related news, insider Philip Broadley bought 1,745 shares of the stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of GBX 630 per share, for a total transaction of £10,993.50. Corporate insiders own 5.31% 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. 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.