Lancashire (LON:LRE) Price Target Lowered to GBX 736 at Jefferies Financial Group

Lancashire (LON:LRE) had its price objective cut by Jefferies Financial Group from GBX 820 to GBX 736 in a report released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on LRE. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lancashire in a report on Friday, July 18th. Peel Hunt restated a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a report on Wednesday, November 5th. Citigroup increased their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada boosted their target price on shares of Lancashire from GBX 600 to GBX 625 and gave the company an “underperform” rating in a report on Thursday, November 6th. Finally, Berenberg Bank increased their price target on shares of Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 686.20.

Lancashire Stock Down 8.6%

Shares of LON LRE opened at GBX 598 on Wednesday. The firm’s 50-day moving average is GBX 651.78 and its two-hundred day moving average is GBX 617.12. The company has a market capitalization of £1.45 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. Lancashire has a 12-month low of GBX 505 and a 12-month high of GBX 700. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18.

Insiders Place Their Bets

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

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.