Lancashire Holdings Limited (LON:LRE) Stock Has Average Price Target of GBX 664.33 According to Brokerages

Shares of Lancashire Holdings Limited (LON:LRE) have been given an average rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 664.33.

LRE has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on shares of 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 reissued a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 698 target price on shares of Lancashire in a research note on Wednesday, July 29th.

Insiders Place Their Bets

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

Lancashire Price Performance

Shares of Lancashire stock opened at GBX 641.50 on Friday. The business’s fifty day moving average price is GBX 619.49 and its two-hundred day moving average price is GBX 617.39. The company has a market capitalization of £1.56 billion, a P/E ratio of 4.97, a PEG ratio of 0.21 and a beta of 0.46. Lancashire has a 1-year low of GBX 549 and a 1-year 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.