Lancashire Holdings Limited (LON:LRE) Given Consensus Rating of “Moderate Buy” by Brokerages

Lancashire Holdings Limited (LON:LRE) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 768 ($9.49).

LRE has been the topic of a number of analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($9.88) price objective on shares of Lancashire in a research report on Friday, March 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 750 ($9.26) price target on shares of Lancashire in a report on Thursday, March 7th.

Lancashire Trading Down 0.7 %

LRE opened at GBX 594 ($7.34) on Wednesday. The company has a debt-to-equity ratio of 31.25, a current ratio of 1.62 and a quick ratio of 1.18. The company’s 50 day simple moving average is GBX 622.85 and its two-hundred day simple moving average is GBX 614.14. The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of 569.52, a price-to-earnings-growth ratio of 0.21 and a beta of 0.58. Lancashire has a 1-year low of GBX 525 ($6.48) and a 1-year high of GBX 690 ($8.52).

Lancashire Announces Dividend

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

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.