Lancashire Holdings Limited (LON:LRE) Stock Has Consensus Target Price of GBX 663.17

Shares of Lancashire Holdings Limited (LON:LRE) have earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 663.17.

A number of equities analysts have recently commented on LRE shares. Royal Bank Of Canada dropped their price target on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 691 target price on shares of Lancashire in a research note on Tuesday, October 13th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 700 target price on shares of Lancashire in a report on Thursday, July 30th.

Insiders Place Their Bets

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

Lancashire Stock Performance

Shares of LRE opened at GBX 679.50 on Wednesday. The firm has a market cap of £1.65 billion, a PE ratio of 5.27, a PEG ratio of 0.21 and a beta of 0.46. The firm’s 50 day moving average price is GBX 640.81 and its 200 day moving average price is GBX 623.75. Lancashire has a twelve month low of GBX 549 and a twelve month high of GBX 694.50.

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.