Lancashire (LON:LRE) Rating Lowered to Hold at Peel Hunt

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.

Peel Hunt cut shares of Lancashire (LON:LRE - Free Report) to a hold rating in a research report released on Thursday morning, Marketbeat reports. Peel Hunt currently has GBX 645 price target on the stock, up from their previous price target of GBX 630.

Several other equities research analysts have also recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 750 target price on shares of Lancashire in a research note on Thursday, August 7th. Citigroup lifted their target price on Lancashire from GBX 656 to GBX 696 and gave the stock a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Lancashire in a report on Friday, July 18th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 670 target price on shares of Lancashire in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 690.25.

Lancashire Price Performance

Shares of Lancashire stock traded up GBX 3 during midday trading on Thursday, hitting GBX 616. 354,481 shares of the company were exchanged, compared to its average volume of 1,135,373. 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 market cap of £1.86 billion, a P/E ratio of 11.74, a PEG ratio of 0.21 and a beta of 0.62. Lancashire has a 52 week low of GBX 505 and a 52 week high of GBX 721. The firm has a 50 day simple moving average of GBX 605.82 and a 200-day simple moving average of GBX 592.09.

Insider Activity at Lancashire

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