Lancashire Holdings Limited (LON:LRE) Receives Average Rating of “Buy” from Brokerages

Lancashire Holdings Limited (LON:LREGet Rating) has been given an average recommendation of “Buy” by the eight brokerages that are covering the firm, reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 659.67 ($8.13).

A number of equities research analysts recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 760 ($9.37) price objective on shares of Lancashire in a research note on Thursday, April 28th. Barclays decreased their price objective on Lancashire from GBX 781 ($9.63) to GBX 731 ($9.01) and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Morgan Stanley restated an “underweight” rating on shares of Lancashire in a research note on Tuesday, April 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.09) price objective on shares of Lancashire in a research note on Friday, April 1st.

In other news, insider Alex Maloney sold 86,673 shares of the stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of GBX 499 ($6.15), for a total value of £432,498.27 ($533,224.35). Also, insider Natalie Kershaw acquired 12,438 shares of Lancashire stock in a transaction dated Monday, March 14th. The stock was purchased at an average price of GBX 402 ($4.96) per share, with a total value of £50,000.76 ($61,645.62).

LRE opened at GBX 392.80 ($4.84) on Tuesday. Lancashire has a 12-month low of GBX 342.40 ($4.22) and a 12-month high of GBX 723.50 ($8.92). The company has a current ratio of 1.25, a quick ratio of 0.73 and a debt-to-equity ratio of 32.81. The business’s fifty day simple moving average is GBX 404.10 and its 200-day simple moving average is GBX 478.72. The company has a market capitalization of £958.47 million and a price-to-earnings ratio of -19.17.

The business also recently declared a dividend, which will be paid on Friday, June 10th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.10 per share. This is a positive change from Lancashire’s previous dividend of $0.05. The ex-dividend date is Thursday, May 12th. This represents a yield of 1.36%. Lancashire’s dividend payout ratio is presently -0.75%.

About Lancashire (Get Rating)

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.

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Analyst Recommendations for Lancashire (LON:LRE)

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