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

Lancashire Holdings Limited (LON:LRE) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 681.50.

LRE has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on Lancashire from GBX 820 to GBX 736 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Berenberg Bank increased their price objective on Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a report on Wednesday, November 5th. The Goldman Sachs Group cut their target price on Lancashire from GBX 763 to GBX 658 and set a “buy” rating on the stock in a research report on Wednesday, January 21st. Peel Hunt reiterated a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a research note on Wednesday, November 5th. Finally, Citigroup boosted their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a research report on Thursday, November 6th.

Insider Buying and Selling at Lancashire

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

Lancashire Price Performance

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

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. 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.