Lancashire Holdings Limited (LON:LRE) Receives GBX 686.20 Consensus Target Price from Brokerages

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

LRE has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on shares of Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Peel Hunt reissued a “hold” rating and issued a GBX 645 target price on shares of Lancashire in a report on Wednesday, November 5th. Berenberg Bank increased their target price on Lancashire from GBX 670 to GBX 700 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Citigroup boosted their price target on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada upped their price target on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research report on Thursday, November 6th.

Insider Activity at Lancashire

In other Lancashire news, insider Philip Broadley purchased 5,580 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were bought at an average price of GBX 594 per share, with a total value of £33,145.20. Also, insider Bob Cox acquired 2,000 shares of Lancashire stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of GBX 582 per share, with a total value of £11,640. 4.61% of the stock is currently owned by company insiders.

Lancashire Trading Down 3.7%

LON:LRE opened at GBX 617 on Thursday. Lancashire has a 1 year low of GBX 505 and a 1 year high of GBX 700. The stock has a market cap of £1.49 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 31.26, a quick ratio of 1.18 and a current ratio of 33.62. The stock has a 50-day simple moving average of GBX 617.10 and a 200-day simple moving average of GBX 620.41.

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.