Lancashire Holdings Limited (LON:LRE) Stock Has Consensus Price Target of GBX 664.33

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 664.33.

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

Insider Activity

In related news, insider Philip Broadley bought 1,745 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average cost of GBX 630 per share, for a total transaction of £10,993.50. Company insiders own 5.31% of the company’s stock.

Lancashire Price Performance

Shares of LRE stock opened at GBX 638.50 on Friday. Lancashire has a fifty-two week low of GBX 549 and a fifty-two week high of GBX 700. The firm’s 50 day moving average price is GBX 619.37 and its two-hundred day moving average price is GBX 616.77. The stock has a market cap of £1.55 billion, a price-to-earnings ratio of 4.95, a price-to-earnings-growth 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.