Lancashire (LON:LRE) Price Target Raised to GBX 700 at Berenberg Bank

Lancashire (LON:LRE) had its price objective increased by equities research analysts at Berenberg Bank from GBX 670 to GBX 700 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 5.74% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Peel Hunt reaffirmed a “hold” rating and set a GBX 645 target price on shares of Lancashire in a report on Wednesday. Citigroup lifted their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lancashire in a research report on Friday, July 18th. Finally, Royal Bank Of Canada raised their target price on Lancashire from GBX 600 to GBX 625 and gave the company an “underperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 673.75.

Lancashire Stock Down 1.5%

Shares of LRE stock opened at GBX 662 on Wednesday. Lancashire has a twelve month low of GBX 505 and a twelve month high of GBX 700. The stock has a market cap of £1.60 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.21 and a beta of 0.62. The stock has a 50 day moving average of GBX 645.16 and a 200 day moving average of GBX 614.21. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26.

Insider Buying and Selling

In other news, insider Philip Broadley acquired 4,700 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were bought 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 company’s stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of GBX 609 per share, with a total value of £7,308. Insiders own 4.61% of the company’s stock.

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.