Lancashire's (LRE) "Outperform" Rating Reaffirmed at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reissued an "outperform" rating for Lancashire Holdings (LON:LRE) with a price target of GBX 750, suggesting a potential upside of 19.05% from its previous close.
• Several other firms have different ratings for Lancashire, with Berenberg Bank issuing a "hold" rating and Citigroup lowering its price target, reflecting varied analyst sentiment.
• Insider Sally Williams purchased 868 shares of Lancashire at an average price of GBX 575, indicating confidence from company insiders amid fluctuating stock performance.

Royal Bank Of Canada reissued their outperform rating on shares of Lancashire (LON:LRE - Free Report) in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 750 ($10.08) price target on the stock.

Several other analysts have also issued reports on the company. Berenberg Bank restated a "hold" rating and issued a GBX 670 ($9.01) price objective on shares of Lancashire in a research note on Thursday. Citigroup dropped their price objective on Lancashire from GBX 709 ($9.53) to GBX 656 ($8.82) and set a "buy" rating on the stock in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Lancashire in a research note on Friday, July 18th.

Lancashire Stock Up 1.1%

LRE traded up GBX 7 ($0.09) on Thursday, hitting GBX 622 ($8.36). 254,235 shares of the company were exchanged, compared to its average volume of 1,175,529. Lancashire has a 12 month low of GBX 505 ($6.79) and a 12 month high of GBX 721 ($9.69). The company has a market cap of £1.88 billion, a PE ratio of 11.85, a PEG ratio of 0.21 and a beta of 0.62. 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 fifty day moving average is GBX 598.33 and its 200-day moving average is GBX 593.82.

Insider Transactions at Lancashire

In other Lancashire news, insider Sally Williams acquired 868 shares of the stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of GBX 575 ($7.73) per share, with a total value of £4,991 ($6,710.14). 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.