Lancashire’s (LRE) “Buy” Rating Reiterated at Jefferies Financial Group

Lancashire (LON:LRE)‘s stock had its “buy” rating restated by Jefferies Financial Group in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 698 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 12.04% from the company’s current price.

Lancashire Price Performance

Shares of Lancashire stock opened at GBX 623 on Wednesday. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 700. The stock has a market capitalization of £1.51 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The company has a fifty day moving average of GBX 634.79 and a 200-day moving average of GBX 620.69. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51.

Insider Activity

In related news, insider Philip Broadley acquired 4,225 shares of Lancashire stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of GBX 566 per share, with a total value of £23,913.50. Company insiders own 5.32% 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.