The Goldman Sachs Group Has Lowered Expectations for Lancashire (LON:LRE) Stock Price

Lancashire (LON:LRE) had its target price reduced by equities researchers at The Goldman Sachs Group from GBX 763 to GBX 658 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 6.99% from the company’s previous close.

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

Lancashire Stock Performance

Shares of LRE opened at GBX 615 on Wednesday. The business’s fifty day moving average price is GBX 603.67 and its 200 day moving average price is GBX 623.59. Lancashire has a 12-month low of GBX 505 and a 12-month high of GBX 700. The stock has a market capitalization of £1.49 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18.

Insiders Place Their Bets

In related news, insider Bob Cox acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average cost of GBX 582 per share, for a total transaction of £11,640. Also, insider Philip Broadley acquired 5,580 shares of Lancashire stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average cost of GBX 594 per share, with a total value of £33,145.20. 4.61% of the stock is currently owned by company insiders.

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.