JPMorgan Chase & Co. Reaffirms Neutral Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at JPMorgan Chase & Co. in a report released on Friday,Digital Look reports.

LRE has been the topic of a number of other reports. Citigroup cut their price target on Lancashire from GBX 709 ($9.52) to GBX 656 ($8.81) and set a "buy" rating on the stock in a research note on Thursday, July 10th. Berenberg Bank started coverage on shares of Lancashire in a research report on Thursday, May 29th. They set a "hold" rating and a GBX 670 ($9.00) target price on the stock.

Lancashire Price Performance

Shares of LON LRE traded up GBX 5.50 ($0.07) during mid-day trading on Friday, hitting GBX 627.50 ($8.43). 196,048 shares of the stock traded hands, compared to its average volume of 1,228,022. The company has a market cap of £1.89 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. Lancashire has a twelve month low of GBX 505 ($6.78) and a twelve month high of GBX 721 ($9.68). 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 firm has a 50 day simple moving average of GBX 589.53 and a two-hundred day simple moving average of GBX 597.07.

Insider Transactions at Lancashire

In other news, insider Philip Broadley acquired 1,800 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of GBX 583 ($7.83) per share, for a total transaction of £10,494 ($14,091.58). Also, insider Sally Williams bought 868 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average cost of GBX 575 ($7.72) per share, with a total value of £4,991 ($6,702.03). Insiders own 0.64% 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.

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