Lancashire (LON:LRE) Downgraded by Peel Hunt to "Hold"

Key Points

• Lancashire Holdings was downgraded to a "hold" rating by Peel Hunt, with a new price target of GBX 645, indicating a potential upside of 4.20% from its previous close.
• The company currently has a consensus rating of "Hold" from analysts, with a general price target around GBX 690.25.
• Despite the downgrade, insiders have shown confidence by purchasing shares recently, indicating some positive sentiment within the company's management.

Lancashire (LON:LRE - Get Free Report) was downgraded by equities researchers at Peel Hunt to a "hold" rating in a report released on Thursday,Digital Look reports. They currently have a GBX 645 price target on the stock, up from their prior price target of GBX 630. Peel Hunt's price target would suggest a potential upside of 4.20% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. Berenberg Bank reiterated a "hold" rating and set a GBX 670 price target on shares of Lancashire in a research note on Thursday, August 7th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Lancashire in a research note on Friday, July 18th. Citigroup lifted their price target on shares of Lancashire from GBX 656 to GBX 696 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 750 price target on shares of Lancashire in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 690.25.

Lancashire Trading Down 0.3%

Shares of Lancashire stock opened at GBX 619 on Thursday. The company's fifty day simple moving average is GBX 603.32 and its 200-day simple moving average is GBX 592.80. The company has a market cap of £1.87 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.21 and a beta of 0.62. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26. Lancashire has a 1 year low of GBX 505 and a 1 year high of GBX 721.

Insiders Place Their Bets

In related news, insider Sally Williams acquired 868 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was bought at an average cost of GBX 575 per share, with a total value of £4,991. Also, insider Bryan Joseph acquired 1,200 shares of the business's stock in a transaction on Friday, August 15th. The shares were bought at an average cost of GBX 609 per share, with a total value of £7,308. 0.64% of the stock is currently owned by company 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.

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