Brokerages Set Lancashire Holdings Limited (LON:LRE) PT at GBX 681.50

Lancashire Holdings Limited (LON:LRE) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 681.50.

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

Insider Activity

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

Lancashire Price Performance

Shares of LRE stock opened at GBX 614 on Monday. The business has a fifty day simple moving average of GBX 605.73 and a 200 day simple moving average of GBX 624.48. The company has a market cap of £1.49 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.21 and a beta of 0.62. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. Lancashire has a twelve month low of GBX 505 and a twelve month high of GBX 700.

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.