Royal Bank Of Canada Cuts Lancashire (LON:LRE) Price Target to GBX 560

Lancashire (LON:LRE) had its target price trimmed by Royal Bank Of Canada from GBX 580 to GBX 560 in a research report sent to investors on Thursday morning,Digital Look reports. The brokerage currently has an underperform rating on the stock.

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

Lancashire Stock Performance

Shares of LON LRE opened at GBX 602.14 on Thursday. Lancashire has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 700. The company has a market cap of £1.46 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 0.21 and a beta of 0.46. The business’s 50 day moving average price is GBX 632.87 and its 200-day moving average price is GBX 620.69.

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.