Lancashire (LON:LRE) Earns "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies reiterated its “Buy” rating on Lancashire and set a GBX 691 price target, implying 1.29% downside from the current share price.
• Analyst views are mixed: three rate the stock Buy, two Hold, and one Sell. The consensus rating is Hold, with an average target price of GBX 663.17.
• Insider Philip Broadley bought 1,745 Lancashire shares at GBX 630 each, for a total of £10,993.50.

Lancashire (LON:LRE - Get Free Report)'s stock had its "buy" rating reiterated by Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 691 target price on the stock. Jefferies Financial Group's price objective points to a potential downside of 1.29% from the stock's current price.

Several other research firms have also issued reports on LRE. Berenberg Bank restated a "hold" rating and issued a GBX 700 price target on shares of Lancashire in a research report on Thursday, July 30th. Royal Bank Of Canada dropped their price objective on shares of Lancashire from GBX 580 to GBX 560 and set an "underperform" rating on the stock in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lancashire has an average rating of "Hold" and a consensus target price of GBX 663.17.

Lancashire Price Performance

LON:LRE opened at GBX 700 on Wednesday. The stock has a market cap of £1.70 billion, a P/E ratio of 5.43, a PEG ratio of 0.21 and a beta of 0.46. Lancashire has a one year low of GBX 549 and a one year high of GBX 710. The company has a fifty day moving average price of GBX 649.37 and a 200 day moving average price of GBX 625.80.

Insider Activity at Lancashire

In other news, insider Philip Broadley acquired 1,745 shares of Lancashire stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of GBX 630 per share, for a total transaction of £10,993.50. Corporate 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.

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