Lancashire (LON:LRE) Price Target Cut to GBX 560 by Analysts at Royal Bank Of Canada

Lancashire (LON:LRE) had its price objective dropped by analysts at Royal Bank Of Canada from GBX 580 to GBX 560 in a report issued on Thursday,Digital Look reports. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 10.41% from the company’s previous close.

A number of other research firms have also recently issued reports on LRE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 698 target price on shares of Lancashire in a report on Wednesday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 700 price objective on shares of Lancashire in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 664.33.

Lancashire Trading Up 0.3%

Shares of LON:LRE opened at GBX 625.09 on Thursday. Lancashire has a 12 month low of GBX 549 and a 12 month high of GBX 700. The company has a quick ratio of 1.18, a current ratio of 711.51 and a debt-to-equity ratio of 31.62. The company’s fifty day simple moving average is GBX 634.36 and its 200 day simple moving average is GBX 620.76. The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 5.34, a PEG 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.