Lancashire (LON:LRE) Earns "Hold" Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for Lancashire (LON:LRE) with a target price of GBX 670 ($8.95), indicating a potential upside of 6.35% from the previous close.
• JPMorgan Chase maintained a "neutral" rating, while Citigroup adjusted their price target down to GBX 656 ($8.76) while keeping a "buy" rating.
• Insider buying was reported as Sally Williams purchased 868 shares at an average of GBX 575 ($7.68) per share, demonstrating ongoing confidence in the company.

Lancashire (LON:LRE - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat reports. They presently have a GBX 670 ($9.01) target price on the stock. Berenberg Bank's price target indicates a potential upside of 7.72% from the stock's previous close.

LRE has been the subject of a number of other research reports. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Lancashire in a research report on Friday, July 18th. Citigroup decreased their price target on Lancashire from GBX 709 ($9.53) to GBX 656 ($8.82) and set a "buy" rating for the company in a research report on Thursday, July 10th.

Lancashire Price Performance

LRE stock traded up GBX 7 ($0.09) during trading hours on Thursday, hitting GBX 622 ($8.36). 254,235 shares of the stock traded hands, compared to its average volume of 1,175,529. The stock has a 50-day simple moving average of GBX 598.33 and a 200 day simple moving average of GBX 593.82. Lancashire has a one year low of GBX 505 ($6.79) and a one year high of GBX 721 ($9.69). The company has a market cap of £1.88 billion, a P/E ratio of 11.85, a P/E/G 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.

Insider Activity at Lancashire

In other Lancashire news, insider Sally Williams bought 868 shares of the stock in a transaction on Tuesday, June 17th. The shares were purchased at an average price of GBX 575 ($7.73) per share, with a total value of £4,991 ($6,710.14). Corporate insiders own 0.64% of the company's stock.

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.