Lancashire Holdings Limited (LON:LRE) Given Average Recommendation of “Hold” by Brokerages

Shares of Lancashire Holdings Limited (LON:LRE) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One 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 analysts that have updated their coverage on the stock in the last year is GBX 686.20.

Several equities analysts recently issued reports on the stock. Berenberg Bank lifted their price objective on shares of Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a report on Wednesday, November 5th. Royal Bank Of Canada boosted their price target on Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Jefferies Financial Group decreased their price objective on Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Peel Hunt reaffirmed a “hold” rating and set a GBX 645 price objective on shares of Lancashire in a research report on Wednesday, November 5th. Finally, Citigroup boosted their target price on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th.

Lancashire Stock Down 0.2%

Shares of Lancashire stock opened at GBX 574 on Friday. 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 stock has a market cap of £1.39 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.21 and a beta of 0.62. The firm’s 50-day moving average is GBX 636.31 and its two-hundred day moving average is GBX 616.94. Lancashire has a 1 year low of GBX 505 and a 1 year high of GBX 700.

Insider Transactions at Lancashire

In other Lancashire news, insider Philip Broadley bought 4,700 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were purchased at an average cost of GBX 637 per share, for a total transaction of £29,939. Also, insider Bob Cox bought 2,000 shares of Lancashire stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average cost of GBX 582 per share, for a total transaction of £11,640. 4.61% of the stock is currently owned by company insiders.

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.