Jefferies Financial Group Reaffirms “Buy” Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 691 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 1.77% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada lowered their price objective on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research report on Thursday, July 30th. Berenberg Bank reissued a “hold” rating and set a GBX 700 price objective on shares of Lancashire in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 663.17.

Lancashire Stock Performance

LON LRE traded up GBX 6 on Tuesday, hitting GBX 679. The stock had a trading volume of 40,408,258 shares, compared to its average volume of 3,653,250. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The firm has a 50-day moving average of GBX 625.36 and a 200-day moving average of GBX 620.37. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 693.

Insider Transactions at Lancashire

In other news, insider Philip Broadley purchased 1,745 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average cost of GBX 630 per share, for a total transaction of £10,993.50. Insiders own 5.31% 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. 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.