Lancashire (LON:LRE) Trading Down 9.3% on Analyst Downgrade

Lancashire Holdings Limited (LON:LRE) dropped 9.3% during mid-day trading on Thursday after Jefferies Financial Group lowered their price target on the stock from GBX 820 to GBX 736. Jefferies Financial Group currently has a buy rating on the stock. Lancashire traded as low as GBX 592 and last traded at GBX 593. Approximately 637,644 shares changed hands during trading, a decline of 46% from the average daily volume of 1,191,625 shares. The stock had previously closed at GBX 654.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Lancashire in a research note on Friday, July 18th. Royal Bank Of Canada upped their price objective on Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Citigroup lifted their target price on Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. Peel Hunt reissued a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a research report on Wednesday, November 5th. Finally, Berenberg Bank boosted their price target on shares of Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 686.20.

Insider Buying and Selling at Lancashire

In related news, insider Bryan Joseph purchased 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of GBX 609 per share, for a total transaction of £7,308. Also, insider Philip Broadley purchased 4,700 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was purchased at an average price of GBX 637 per share, with a total value of £29,939. Insiders own 4.61% of the company’s stock.

Lancashire Stock Down 9.3%

The business’s 50 day moving average price is GBX 651.78 and its 200-day moving average price is GBX 617.12. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The company has a market cap of £1.44 billion, a P/E ratio of 6.45, a PEG ratio of 0.21 and a beta of 0.62.

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.