Lancashire Holdings Limited (LON:LRE) Receives Consensus Recommendation of “Hold” from Brokerages

Lancashire Holdings Limited (LON:LRE) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 686.20.

LRE has been the subject of several research analyst reports. Citigroup raised their target price on Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Lancashire in a research report on Friday, July 18th. Berenberg Bank lifted their price objective on shares of Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada boosted their target price on shares of Lancashire from GBX 600 to GBX 625 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Finally, Peel Hunt restated a “hold” rating and set a GBX 645 price target on shares of Lancashire in a research note on Wednesday, November 5th.

Insiders Place Their Bets

In other Lancashire news, insider Bryan Joseph bought 1,200 shares of the business’s stock in a transaction on Friday, August 15th. The stock was purchased at an average price of GBX 609 per share, for a total transaction of £7,308. Also, insider Philip Broadley purchased 4,700 shares of the stock in a transaction dated Thursday, September 18th. The stock was acquired at an average cost of GBX 637 per share, for a total transaction of £29,939. Company insiders own 4.61% of the company’s stock.

Lancashire Stock Down 2.7%

LRE stock traded down GBX 18 during trading on Wednesday, reaching GBX 654. The stock had a trading volume of 31,816,262 shares, compared to its average volume of 1,335,007. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The company has a market capitalization of £1.58 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 0.21 and a beta of 0.62. Lancashire has a one year low of GBX 505 and a one year high of GBX 700. The company’s 50 day moving average is GBX 650.48 and its two-hundred day moving average is GBX 616.86.

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.