The Goldman Sachs Group Cuts Lancashire (LON:LRE) Price Target to GBX 658

Lancashire (LON:LRE) had its target price lowered by The Goldman Sachs Group from GBX 763 to GBX 658 in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on LRE. Jefferies Financial Group dropped their price objective on Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a report on Wednesday, November 12th. Berenberg Bank boosted their price target on Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada upped their price objective on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Citigroup raised their target price on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 645 target price on shares of Lancashire in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 681.50.

Lancashire Stock Down 0.7%

LON LRE opened at GBX 611 on Wednesday. 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 company has a market cap of £1.48 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.21 and a beta of 0.62. The company has a 50 day moving average of GBX 604.13 and a 200-day moving average of GBX 623.77. Lancashire has a 1-year low of GBX 505 and a 1-year high of GBX 700.

Insider Buying and Selling

In related news, insider Bob Cox acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of GBX 582 per share, with a total value of £11,640. Also, insider Philip Broadley bought 5,580 shares of the business’s stock in a transaction on Friday, December 12th. The stock was bought at an average price of GBX 594 per share, for a total transaction of £33,145.20. Company insiders own 4.61% 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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.