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

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 664.33.

Several brokerages have recently issued reports on LRE. Royal Bank Of Canada cut their price target on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research note on Thursday, July 30th. Berenberg Bank reiterated a “hold” rating and set a GBX 700 price target on shares of Lancashire in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 698 price target on shares of Lancashire in a research note on Wednesday, July 29th.

Insider Buying and Selling

In other Lancashire news, insider Philip Broadley bought 1,745 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of GBX 630 per share, for a total transaction of £10,993.50. Corporate insiders own 5.31% of the company’s stock.

Lancashire Stock Performance

LON:LRE opened at GBX 631 on Tuesday. The stock’s fifty day moving average price is GBX 620.85 and its two-hundred day moving average price is GBX 615.37. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 700. The company has a market cap of £1.53 billion, a price-to-earnings ratio of 4.89, a P/E/G ratio of 0.21 and a beta of 0.46.

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.