Lancashire (LON:LRE) Given New GBX 700 Price Target at Berenberg Bank

Lancashire (LON:LRE) had its price target upped by Berenberg Bank from GBX 670 to GBX 700 in a research report released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

LRE has been the topic of a number of other research reports. Royal Bank Of Canada lifted their price objective on shares of Lancashire from GBX 600 to GBX 625 and gave the company an “underperform” rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lancashire in a research note on Friday, July 18th. Citigroup lifted their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a research note on Thursday. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 645 price objective on shares of Lancashire in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 673.75.

Lancashire Trading Down 0.9%

LRE opened at GBX 666 on Wednesday. The firm has a market capitalization of £1.61 billion, a P/E ratio of 7.24, a P/E/G ratio of 0.21 and a beta of 0.62. The firm’s 50 day moving average is GBX 645.16 and its 200-day moving average is GBX 614.21. Lancashire has a 52-week low of GBX 505 and a 52-week high of GBX 700. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26.

Insiders Place Their Bets

In other Lancashire news, insider Philip Broadley bought 4,700 shares of the stock in a transaction on Thursday, September 18th. The stock was purchased at an average price of GBX 637 per share, for a total transaction of £29,939. Also, insider Bryan Joseph bought 1,200 shares of the stock in a transaction on Friday, August 15th. The shares were acquired at an average price of GBX 609 per share, with a total value of £7,308. 4.61% of the stock is currently owned by insiders.

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.