Lancashire’s (LRE) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Lancashire (LON:LRE) in a research note published on Thursday morning,Digital Look reports. The firm currently has a GBX 700 price objective on the stock.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 698 price target on shares of Lancashire in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lancashire has an average rating of “Hold” and a consensus price target of GBX 664.33.

Lancashire Trading Down 1.2%

LON:LRE opened at GBX 602.14 on Thursday. Lancashire has a 12 month low of GBX 549 and a 12 month high of GBX 700. The company has a 50-day moving average price of GBX 632.87 and a 200-day moving average price of GBX 620.69. The stock has a market cap of £1.46 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.21 and a beta of 0.46.

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.