Lancashire Holdings Limited (LON:LRE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lancashire Holdings Limited (LON:LRE) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 768 ($9.56).

Several brokerages have recently weighed in on LRE. Berenberg Bank restated a “buy” rating and set a GBX 800 ($9.96) price objective on shares of Lancashire in a research report on Friday, March 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 750 ($9.34) price target on shares of Lancashire in a research report on Thursday, March 7th.

Lancashire Stock Down 1.7 %

Shares of LON:LRE opened at GBX 574 ($7.15) on Wednesday. The company has a market capitalization of £1.37 billion, a PE ratio of 546.67, a P/E/G ratio of 0.21 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.25. Lancashire has a twelve month low of GBX 525 ($6.54) and a twelve month high of GBX 690 ($8.59). The firm has a 50 day simple moving average of GBX 628.02 and a 200-day simple moving average of GBX 613.85.

Lancashire Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s dividend payout ratio is currently 1,523.81%.

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.