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

Lancashire (LON:LRE)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 700 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 11.98% from the company’s current price.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 664.33.

Lancashire Price Performance

LRE opened at GBX 625.09 on Thursday. Lancashire has a one year low of GBX 549 and a one year high of GBX 700. The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18. The company’s 50 day simple moving average is GBX 634.36 and its 200-day simple moving average is GBX 620.76. The stock has a market capitalization of £1.52 billion, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.

About Lancashire

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.