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

Lancashire (LON:LRE)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a report released on Tuesday, Digital Look reports. They presently have a GBX 691 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 1.62% from the stock’s current price.

Several other analysts have also recently commented on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th. Royal Bank Of Canada decreased their price target on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research note on Thursday, July 30th. Three equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 663.17.

Lancashire Trading Up 1.9%

Shares of LRE traded up GBX 13 during mid-day trading on Tuesday, hitting GBX 680. 703,492 shares of the company’s stock were exchanged, compared to its average volume of 3,479,215. The firm has a market capitalization of £1.65 billion, a P/E ratio of 5.27, a P/E/G ratio of 0.21 and a beta of 0.46. Lancashire has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 689. The business’s 50 day moving average is GBX 623.77 and its two-hundred day moving average is GBX 619.74.

Insiders Place Their Bets

In other news, insider Philip Broadley bought 1,745 shares of Lancashire stock in a transaction on Tuesday, September 8th. The shares were bought 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.