Lancashire Holdings Limited (LON:LRE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 664.33.

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

Lancashire Stock Performance

Shares of LRE stock opened at GBX 593 on Friday. The stock has a fifty day moving average price of GBX 629.47 and a 200 day moving average price of GBX 619.67. The stock has a market cap of £1.44 billion, a PE ratio of 4.60, a P/E/G 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.

Lancashire Company Profile

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.