Royal Bank of Canada Reiterates “Outperform” Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 825 ($10.36) price objective on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 38.42% from the stock’s previous close.

Several other equities research analysts have also weighed in on LRE. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.05) target price on shares of Lancashire in a report on Friday, March 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 750 ($9.42) price objective on shares of Lancashire in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 792 ($9.95).

Lancashire Stock Performance

Shares of LON:LRE opened at GBX 596 ($7.49) on Friday. The firm’s 50 day simple moving average is GBX 617.22 and its 200 day simple moving average is GBX 616.01. Lancashire has a fifty-two week low of GBX 525 ($6.59) and a fifty-two week high of GBX 690 ($8.67). The company has a market capitalization of £1.42 billion, a price-to-earnings ratio of 567.62, a P/E/G ratio of 0.21 and a beta of 0.58. The company has a debt-to-equity ratio of 31.25, a current ratio of 1.62 and a quick ratio of 1.18.

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.