Lancashire Holdings Limited (LON:LRE) Stock Has Average Price Target of GBX 663.17

Shares of Lancashire Holdings Limited (LON:LRE) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 663.17.

Several equities research analysts have recently commented on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 700 target price on shares of Lancashire in a report on Thursday, July 30th. Royal Bank Of Canada dropped their target price on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 691 price objective on shares of Lancashire in a research note on Tuesday, October 13th.

Lancashire Stock Down 0.1%

Shares of LRE opened at GBX 685.50 on Wednesday. The company has a 50-day simple moving average of GBX 645.83 and a 200-day simple moving average of GBX 624.90. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 694.50. The company has a market capitalization of £1.67 billion, a PE ratio of 5.31, a P/E/G ratio of 0.21 and a beta of 0.46.

Insider Buying and Selling at Lancashire

In other Lancashire news, insider Philip Broadley bought 1,745 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average cost of GBX 630 per share, for a total transaction of £10,993.50. 5.31% of the stock is owned by insiders.

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.