Lancashire (LON:LRE - Get Free Report) had its target price reduced by equities researchers at Citigroup from GBX 709 ($9.63) to GBX 656 ($8.91) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 10.62% from the stock's current price.
Separately, Berenberg Bank initiated coverage on Lancashire in a research note on Thursday, May 29th. They issued a "hold" rating and a GBX 670 ($9.10) price objective for the company.
Read Our Latest Analysis on LRE
Lancashire Stock Performance
Shares of LRE stock traded up GBX 6 ($0.08) on Thursday, hitting GBX 593 ($8.06). The company's stock had a trading volume of 289,760 shares, compared to its average volume of 1,262,438. The company has a debt-to-equity ratio of 31.26, a quick ratio of 1.18 and a current ratio of 33.62. The stock's 50 day moving average is GBX 586.57 and its 200-day moving average is GBX 598.71. Lancashire has a fifty-two week low of GBX 505 ($6.86) and a fifty-two week high of GBX 721 ($9.79). The company has a market capitalization of £1.79 billion, a PE ratio of 11.30, a PEG ratio of 0.21 and a beta of 0.62.
Insiders Place Their Bets
In related news, insider Philip Broadley acquired 1,800 shares of the company's stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of GBX 583 ($7.92) per share, for a total transaction of £10,494 ($14,256.22). Also, insider Sally Williams bought 868 shares of Lancashire stock in a transaction on Tuesday, June 17th. The shares were bought at an average cost of GBX 575 ($7.81) per share, with a total value of £4,991 ($6,780.33). 0.64% of the stock is owned by company insiders.
About Lancashire
(
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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.
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