Citigroup Issues Pessimistic Forecast for Lancashire (LON:LRE) Stock Price

Lancashire (LON:LRE - Get Free Report) had its price target reduced by stock analysts at Citigroup from GBX 709 ($9.56) to GBX 656 ($8.85) in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 10.62% from the company's previous close.

Separately, Berenberg Bank initiated coverage on shares of Lancashire in a report on Thursday, May 29th. They issued a "hold" rating and a GBX 670 ($9.04) price target for the company.

Lancashire Stock Up 1.0%

Shares of Lancashire stock traded up GBX 6 ($0.08) on Thursday, hitting GBX 593 ($8.00). The company had a trading volume of 289,760 shares, compared to its average volume of 1,262,438. The firm has a market capitalization of £1.79 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.21 and a beta of 0.62. Lancashire has a twelve month low of GBX 505 ($6.81) and a twelve month high of GBX 721 ($9.73). The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The stock has a 50-day moving average of GBX 586.93 and a 200-day moving average of GBX 598.26.

Insider Activity at Lancashire

In other Lancashire news, insider Sally Williams acquired 868 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average price of GBX 575 ($7.76) per share, with a total value of £4,991 ($6,732.77). Also, insider Philip Broadley acquired 1,800 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of GBX 583 ($7.86) per share, for a total transaction of £10,494 ($14,156.21). 0.64% of the stock is owned by corporate insiders.

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.