Lancashire Holdings Limited (LON:LRE) Receives GBX 675.17 Consensus Target Price from Brokerages

Lancashire Holdings Limited (LON:LRE) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 675.17.

A number of brokerages have recently commented on LRE. The Goldman Sachs Group decreased their price target 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 698 target price on shares of Lancashire in a report on Thursday, April 30th.

Lancashire Price Performance

Shares of LON:LRE opened at GBX 583 on Wednesday. The company’s fifty day moving average price is GBX 602.40 and its 200-day moving average price is GBX 616.16. The firm has a market capitalization of £1.41 billion, a price-to-earnings ratio of 4.98, a PEG ratio of 0.21 and a beta of 0.44. Lancashire has a one year low of GBX 549 and a one year high of GBX 700. The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18.

Insider Activity at Lancashire

In other Lancashire news, insider Philip Broadley bought 4,225 shares of Lancashire stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of GBX 566 per share, with a total value of £23,913.50. Corporate insiders own 4.62% of the company’s stock.

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.