Lancashire (LON:LRE) Price Target Raised to GBX 625 at Royal Bank Of Canada

Lancashire (LON:LRE) had its price target boosted by Royal Bank Of Canada from GBX 600 to GBX 625 in a report issued on Thursday morning, Marketbeat.com reports. Royal Bank Of Canada currently has an underperform rating on the stock.

A number of other research analysts have also recently weighed in on LRE. JPMorgan Chase & Co. restated a “neutral” rating on shares of Lancashire in a research report on Friday, July 18th. Berenberg Bank restated a “hold” rating and set a GBX 670 target price on shares of Lancashire in a report on Thursday, August 7th. Citigroup upped their price target on shares of Lancashire from GBX 656 to GBX 696 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 673.75.

Lancashire Stock Performance

LRE opened at GBX 664.79 on Thursday. Lancashire has a 1-year low of GBX 505 and a 1-year high of GBX 700. The stock has a market cap of £1.61 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.21 and a beta of 0.62. The stock’s 50 day simple moving average is GBX 646.22 and its 200 day simple moving average is GBX 614.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18.

Insider Transactions at Lancashire

In other news, insider Bryan Joseph bought 1,200 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of GBX 609 per share, for a total transaction of £7,308. Also, insider Philip Broadley purchased 4,700 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was acquired 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 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.