Lancashire Holdings Limited (LON:LRE) Receives Consensus Rating of “Hold” from Analysts

Lancashire Holdings Limited (LON:LRE) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 686.20.

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

Insider Buying and Selling

In other Lancashire news, insider Bob Cox purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was purchased at an average cost of GBX 582 per share, for a total transaction of £11,640. Also, insider Philip Broadley purchased 4,700 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were acquired at an average cost of GBX 637 per share, with a total value of £29,939. Insiders own 4.61% of the company’s stock.

Lancashire Price Performance

LRE stock opened at GBX 583 on Wednesday. The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 6.34, 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 current ratio of 33.62 and a quick ratio of 1.18. The company has a 50 day simple moving average of GBX 651.36 and a 200 day simple moving average of GBX 618.17. Lancashire has a 1 year low of GBX 505 and a 1 year high of GBX 700.

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.