Shares of Lancashire Holdings Limited (LON:LRE – Get Free Report) have received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 663.17.
LRE has been the subject of several research analyst reports. Royal Bank Of Canada reduced their target price on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 691 price objective on shares of Lancashire in a research report on Tuesday, October 13th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 700 price objective on shares of Lancashire in a report on Thursday, July 30th.
Get Our Latest Analysis on Lancashire
Insider Buying and Selling at Lancashire
In related news, insider Philip Broadley purchased 1,745 shares of Lancashire stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of GBX 630 per share, with a total value of £10,993.50. Corporate insiders own 5.31% of the company’s stock.
Lancashire Trading Up 1.4%
LRE opened at GBX 704.50 on Wednesday. The stock’s fifty day simple moving average is GBX 649.37 and its 200 day simple moving average is GBX 625.80. Lancashire has a 1-year low of GBX 549 and a 1-year high of GBX 710. The stock has a market cap of £1.71 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.
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.
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