Lancashire (LON:LRE) Earns Outperform Rating from 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.

Lancashire (LON:LRE - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 750 ($10.02) price target on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 19.05% from the stock's previous close.

A number of other research firms have also weighed in on LRE. Berenberg Bank reissued a "hold" rating and set a GBX 670 ($8.95) price objective on shares of Lancashire in a research note on Thursday. Citigroup lowered their price objective on Lancashire from GBX 709 ($9.47) to GBX 656 ($8.76) 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 report on Friday, July 18th.

Lancashire Stock Performance

LON LRE opened at GBX 630 ($8.42) on Thursday. The stock's fifty day moving average is GBX 596.85 and its two-hundred day moving average is GBX 594.73. The firm has a market capitalization of £1.90 billion, a P/E ratio of 12.00, a price-to-earnings-growth 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. Lancashire has a fifty-two week low of GBX 505 ($6.75) and a fifty-two week high of GBX 721 ($9.63).

Insider Buying and Selling

In other Lancashire news, insider Sally Williams bought 868 shares of Lancashire stock in a transaction on Tuesday, June 17th. The shares were bought at an average price of GBX 575 ($7.68) per share, for a total transaction of £4,991 ($6,667.11). 0.64% of the stock is 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.

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