Lancashire (LON:LRE) Stock Keeps Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reiterated its “buy” rating on Lancashire Holdings and maintained a GBX 691 price target, implying 2.29% upside from the prior close.
• Analyst sentiment is mixed: Lancashire has three Buy, two Hold, and one Sell ratings, resulting in a consensus “Hold” rating and an average target price of GBX 663.17.
• The stock rose 1.3% to GBX 675.50, while insider Philip Broadley bought 1,745 shares at GBX 630 each; insiders own 5.31% of the company.

Lancashire (LON:LRE - Get Free Report)'s stock had its "buy" rating reiterated by Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 691 target price on the stock. Jefferies Financial Group's price target would suggest a potential upside of 2.29% from the company's previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Lancashire from GBX 580 to GBX 560 and set an "underperform" rating for the company in a research report on Thursday, July 30th. 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 663.17.

Lancashire Trading Up 1.3%

LRE stock traded up GBX 8.50 during midday trading on Tuesday, hitting GBX 675.50. The company had a trading volume of 293,711 shares, compared to its average volume of 3,477,135. Lancashire has a 52 week low of GBX 549 and a 52 week high of GBX 689. The stock's 50 day moving average price is GBX 622.02 and its 200 day moving average price is GBX 619.06. The stock has a market cap of £1.64 billion, a price-to-earnings ratio of 5.24, a PEG ratio of 0.21 and a beta of 0.46.

Insider Buying and Selling

In other Lancashire news, insider Philip Broadley purchased 1,745 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average price of GBX 630 per share, with a total value of £10,993.50. 5.31% of the stock is 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.

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