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

Shares of Lancashire Holdings Limited (LON:LRE) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 681.50.

Several brokerages have recently weighed in on LRE. Jefferies Financial Group reduced their target price 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 reissued a “hold” rating and issued a GBX 645 price target on shares of Lancashire in a report on Wednesday, November 5th. The Goldman Sachs Group decreased their price objective on shares of Lancashire from GBX 763 to GBX 658 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. Finally, Citigroup upped their price target 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.

Lancashire Stock Performance

LON LRE opened at GBX 664 on Friday. The stock has a market capitalization of £1.61 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.21 and a beta of 0.62. The stock has a 50-day moving average of GBX 626.20 and a 200 day moving average of GBX 626.98. 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 has a twelve month low of GBX 505 and a twelve month high of GBX 700.

Insider Activity at Lancashire

In other news, insider Philip Broadley bought 5,580 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were acquired at an average price of GBX 594 per share, for a total transaction of £33,145.20. 4.62% of the stock is owned by insiders.

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.