Lancashire (LON:LRE) Insider Purchases £7,308 in Stock

Key Points

• Insider Bryan Joseph purchased 1,200 shares of Lancashire Holdings at an average price of GBX 609, totaling £7,308 on August 15th.
• Lancashire's stock currently has a market capitalization of £1.87 billion and a consensus rating of "Moderate Buy" among analysts.
• Citigroup recently raised its target price for Lancashire from GBX 656 to GBX 696, maintaining a "buy" rating.

Lancashire Holdings Limited (LON:LRE - Get Free Report) insider Bryan Joseph bought 1,200 shares of the business's stock in a transaction on Friday, August 15th. The stock was bought at an average price of GBX 609 per share, for a total transaction of £7,308.

Lancashire Stock Performance

LRE stock traded up GBX 10 during mid-day trading on Tuesday, reaching GBX 621. The company had a trading volume of 253,150 shares, compared to its average volume of 1,153,892. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The stock has a market capitalization of £1.87 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.21 and a beta of 0.62. Lancashire Holdings Limited has a one year low of GBX 505 and a one year high of GBX 721. The stock's 50-day simple moving average is GBX 600.74 and its two-hundred day simple moving average is GBX 592.49.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LRE. Citigroup raised their target price on Lancashire from GBX 656 to GBX 696 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Berenberg Bank reiterated a "hold" rating and issued a GBX 670 price target on shares of Lancashire in a research report on Thursday, August 7th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 750 price objective on shares of Lancashire in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Lancashire in a report on Friday, July 18th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Lancashire currently has a consensus rating of "Moderate Buy" and an average target price of GBX 705.33.

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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