Lancashire Holdings Limited (LON:LRE) Given Consensus Rating of “Hold” by Analysts

Lancashire Holdings Limited (LON:LRE) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 664.33.

Several brokerages recently weighed in on LRE. Jefferies Financial Group reissued a “buy” rating and set a GBX 698 price target on shares of Lancashire in a research report on Wednesday, July 29th. Royal Bank Of Canada lowered their price objective on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research report on Thursday, July 30th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th.

Insider Activity at Lancashire

In other Lancashire news, insider Philip Broadley acquired 1,745 shares of Lancashire stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of GBX 630 per share, for a total transaction of £10,993.50. 5.31% of the stock is owned by company insiders.

Lancashire Stock Performance

LON:LRE opened at GBX 621.64 on Tuesday. The firm has a market cap of £1.51 billion, a P/E ratio of 4.82, a P/E/G ratio of 0.21 and a beta of 0.46. Lancashire has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 700. The firm has a 50-day simple moving average of GBX 621.11 and a two-hundred day simple moving average of GBX 615.84.

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.