Citigroup Forecasts Strong Price Appreciation for Lancashire (LON:LRE) Stock

Lancashire (LON:LRE) had its price objective increased by Citigroup from GBX 656 ($8.88) to GBX 696 ($9.42) in a report released on Wednesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 14.10% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 750 ($10.15) price objective on shares of Lancashire in a report on Thursday, August 7th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 670 ($9.07) price objective on shares of Lancashire in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Lancashire in a report on Friday, July 18th.

Lancashire Stock Down 1.1%

LON LRE opened at GBX 610 ($8.25) on Wednesday. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26. The stock’s 50 day moving average is GBX 600.18 and its two-hundred day moving average is GBX 593.79. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.21 and a beta of 0.62. Lancashire has a 1-year low of GBX 505 ($6.83) and a 1-year high of GBX 721 ($9.76).

Insider Activity at Lancashire

In other Lancashire news, insider Sally Williams bought 868 shares of Lancashire stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average cost of GBX 575 ($7.78) per share, with a total value of £4,991 ($6,752.81). 0.64% of the stock is owned by insiders.

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.