Lancashire (LON:LRE) Receives 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 reaffirmed by research analysts at Berenberg Bank in a research note issued on Thursday, Marketbeat reports. They presently have a GBX 670 ($8.95) target price on the stock. Berenberg Bank's price target points to a potential upside of 6.35% from the company's previous close.

Several other brokerages have also issued reports on LRE. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Lancashire in a report on Friday, July 18th. Citigroup decreased their price target on shares of Lancashire from GBX 709 ($9.47) to GBX 656 ($8.76) and set a "buy" rating on the stock in a report on Thursday, July 10th.

Lancashire Trading Down 0.5%

Shares of Lancashire stock opened at GBX 630 ($8.42) on Thursday. The firm has a market capitalization of £1.90 billion, a PE ratio of 12.00, a price-to-earnings-growth 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. The firm's 50 day moving average is GBX 596.85 and its 200 day moving average is GBX 594.73. Lancashire has a 1 year low of GBX 505 ($6.75) and a 1 year high of GBX 721 ($9.63).

Insider Buying and Selling

In other Lancashire news, insider Sally Williams bought 868 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average cost of GBX 575 ($7.68) per share, for a total transaction of £4,991 ($6,667.11). 0.64% of the stock is currently owned by corporate insiders.

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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