Barclays Cuts Lancashire (LON:LRE) Price Target to GBX 700

Lancashire (LON:LRE – Get Rating) had its price target reduced by Barclays from GBX 713 ($8.87) to GBX 700 ($8.71) in a report released on Monday, Digital Look reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the company. Berenberg Bank lifted their price objective on Lancashire from GBX 770 ($9.58) to GBX 780 ($9.70) and gave the stock a buy rating in a report on Friday, April 28th. Numis Securities restated an add rating and set a GBX 710 ($8.83) target price on shares of Lancashire in a research report on Thursday, February 16th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 750 ($9.33) target price on shares of Lancashire in a research report on Monday, February 13th. Morgan Stanley restated an underweight rating and set a GBX 590 ($7.34) target price on shares of Lancashire in a research report on Tuesday, March 28th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 785 ($9.76) target price on shares of Lancashire in a research report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of GBX 710.71 ($8.84).

Lancashire Price Performance

Shares of LON:LRE opened at GBX 620 ($7.71) on Monday. Lancashire has a 1-year low of GBX 362.60 ($4.51) and a 1-year high of GBX 670 ($8.33). The firm has a market capitalization of £1.51 billion, a PE ratio of -62,000.00, a PEG ratio of 0.21 and a beta of 0.57. The business’s 50 day moving average is GBX 577.65 and its 200-day moving average is GBX 600.49. The company has a current ratio of 1.16, a quick ratio of 1.18 and a debt-to-equity ratio of 37.02.

Insider Transactions at Lancashire

In other news, insider Natalie Kershaw sold 5,082 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of GBX 628 ($7.81), for a total transaction of £31,914.96 ($39,695.22). In other Lancashire news, insider Irene McDermott Brown bought 5,054 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was purchased at an average cost of GBX 593 ($7.38) per share, with a total value of £29,970.22 ($37,276.39). Also, insider Natalie Kershaw sold 5,082 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of GBX 628 ($7.81), for a total value of £31,914.96 ($39,695.22). 0.52% of the stock is currently owned by corporate insiders.

Lancashire Company Profile

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Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.