Lancashire’s (LRE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Lancashire (LON:LRE) in a report published on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 691 target price on the stock.

Several other brokerages have also recently issued reports on LRE. Berenberg Bank reaffirmed a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their price objective on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lancashire currently has an average rating of “Hold” and a consensus target price of GBX 652.25.

Lancashire Stock Down 2.9%

LON:LRE opened at GBX 686 on Wednesday. Lancashire has a 52 week low of GBX 549 and a 52 week high of GBX 713.50. The company’s 50 day moving average price is GBX 654.52 and its 200-day moving average price is GBX 627.06. The stock has a market cap of £1.67 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 0.21 and a beta of 0.46.

Insider Activity

In related news, insider Philip Broadley bought 1,745 shares of Lancashire stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average cost of GBX 630 per share, with a total value of £10,993.50. 5.31% of the stock is currently owned by 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. 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.