Brokerages Set Lancashire Holdings Limited (LON:LRE) Price Target at GBX 675.17

Shares of Lancashire Holdings Limited (LON:LRE – Get Free Report) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 675.17.

Several brokerages have commented on LRE. The Goldman Sachs Group dropped their price objective on Lancashire from GBX 763 to GBX 658 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 698 price target on shares of Lancashire in a research note on Thursday, April 30th.

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Lancashire Stock Up 0.4%

Shares of LRE opened at GBX 585.75 on Wednesday. The company has a current ratio of 711.51, a quick ratio of 1.18 and a debt-to-equity ratio of 31.62. Lancashire has a 12 month low of GBX 549 and a 12 month high of GBX 700. The stock’s 50 day moving average is GBX 597.74 and its two-hundred day moving average is GBX 614.97. The firm has a market cap of £1.42 billion, a P/E ratio of 5.01, a PEG ratio of 0.21 and a beta of 0.44.

Insider Activity

In other news, insider Philip Broadley purchased 4,225 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of GBX 566 per share, with a total value of £23,913.50. 4.62% of the stock is owned by corporate insiders.

Lancashire Company Profile

(Get Free Report)

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.

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