Lancashire (LON:LRE) Given “Buy” Rating at Jefferies Financial Group

Lancashire (LON:LRE)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 691 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 2.29% from the stock’s current price.

LRE has been the topic of several other research reports. Berenberg Bank reiterated a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research report on Thursday, July 30th. Royal Bank Of Canada cut their price target on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 663.17.

Lancashire Stock Performance

Shares of LRE traded up GBX 8.50 during mid-day trading on Tuesday, hitting GBX 675.50. 293,711 shares of the company’s stock were exchanged, compared to its average volume of 3,477,135. Lancashire has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 689. The stock’s 50-day moving average is GBX 622.02 and its 200-day moving average is GBX 619.06. The company has a market cap of £1.64 billion, a price-to-earnings ratio of 5.24, a P/E/G ratio of 0.21 and a beta of 0.46.

Insider Activity at Lancashire

In related news, insider Philip Broadley purchased 1,745 shares of Lancashire stock in a transaction that occurred on Tuesday, September 8th. The shares were 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 corporate 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.