Lancashire’s (LRE) “Hold” Rating Reaffirmed at Berenberg Bank

Lancashire (LON:LRE)‘s stock had its “hold” rating reiterated by Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 700 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 11.98% from the stock’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 698 price objective on shares of Lancashire in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 664.33.

Lancashire Trading Up 0.3%

Shares of LRE opened at GBX 625.09 on Thursday. The company has a current ratio of 711.51, a quick ratio of 1.18 and a debt-to-equity ratio of 31.62. The stock has a market cap of £1.52 billion, a PE ratio of 5.34, 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 700. The stock has a 50 day simple moving average of GBX 634.36 and a 200-day simple moving average of GBX 620.76.

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.