Lancashire Holdings Limited (LON:LRE) Given Average Recommendation of “Hold” by Brokerages

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

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

Lancashire Stock Performance

Lancashire stock opened at GBX 626 on Tuesday. The business’s fifty day moving average is GBX 623.03 and its two-hundred day moving average is GBX 616.69. The firm has a market cap of £1.52 billion, a P/E ratio of 4.85, a P/E/G ratio of 0.21 and a beta of 0.46. 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.