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

Shares of Lancashire Holdings Limited (LON:LRE) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 681.50.

A number of equities research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Lancashire from GBX 696 to GBX 725 and gave the company a “buy” rating in a research report on Thursday, November 6th. Jefferies Financial Group dropped their target price on shares of Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a report on Wednesday, November 12th. Berenberg Bank boosted their target price on Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada upped their price target on Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group dropped their price objective on Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research note on Wednesday, January 21st.

Insider Activity

In other news, insider Bob Cox bought 2,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was bought at an average cost of GBX 582 per share, with a total value of £11,640. Also, insider Philip Broadley purchased 5,580 shares of Lancashire stock in a transaction dated Friday, December 12th. The shares were acquired at an average cost of GBX 594 per share, for a total transaction of £33,145.20. Insiders own 4.61% of the company’s stock.

Lancashire Stock Up 0.3%

Shares of LRE opened at GBX 613 on Monday. The company’s 50-day moving average price is GBX 604.13 and its 200 day moving average price is GBX 624.23. Lancashire has a 12-month low of GBX 505 and a 12-month high of GBX 700. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26. The firm has a market cap of £1.48 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62.

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.