Lancashire Holdings Limited (LON:LRE) has been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 797.14 ($10.42).
Several brokerages recently commented on LRE. Credit Suisse Group raised their target price on Lancashire from GBX 750 ($9.80) to GBX 910 ($11.89) and gave the stock an “outperform” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on Lancashire from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the stock an “overweight” rating in a research report on Monday, September 7th. Barclays raised their target price on Lancashire from GBX 900 ($11.76) to GBX 914 ($11.94) and gave the stock an “overweight” rating in a research report on Thursday, July 16th. UBS Group reaffirmed a “buy” rating on shares of Lancashire in a research report on Monday, July 27th. Finally, Shore Capital reaffirmed an “under review” rating on shares of Lancashire in a research report on Wednesday, July 29th.
Shares of Lancashire stock traded up GBX 11.50 ($0.15) during midday trading on Wednesday, hitting GBX 774.50 ($10.12). The company had a trading volume of 668,013 shares, compared to its average volume of 552,378. The business’s 50 day simple moving average is GBX 767.72 and its two-hundred day simple moving average is GBX 714.39. The stock has a market cap of $1.88 billion and a PE ratio of 30.37. The company has a debt-to-equity ratio of 22.88, a current ratio of 2.36 and a quick ratio of 1.67. Lancashire has a 1-year low of GBX 481 ($6.29) and a 1-year high of GBX 852.50 ($11.14).
The business also recently disclosed a dividend, which was paid on Friday, September 11th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a dividend yield of 0.5%. Lancashire’s payout ratio is presently 47.06%.
Lancashire Company Profile
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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