Lancashire Holdings Limited (LON:LRE) Receives GBX 664.33 Consensus Target Price from Analysts

Lancashire Holdings Limited (LON:LRE) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 664.33.

A number of analysts recently weighed in on LRE shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a report on Wednesday, July 29th. Berenberg Bank reiterated a “hold” rating and issued a GBX 700 price target on shares of Lancashire in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reduced their price target on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research report on Thursday, July 30th.

Lancashire Stock Performance

LRE stock opened at GBX 603.50 on Friday. The company has a market capitalization of £1.47 billion, a P/E ratio of 4.68, a PEG ratio of 0.21 and a beta of 0.46. The company has a fifty day moving average price of GBX 628.03 and a 200-day moving average price of GBX 619.07. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 700.

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.