Lancashire Holdings Limited (LON:LRE) Receives GBX 710.71 Average Target Price from Brokerages

Shares of Lancashire Holdings Limited (LON:LRE – Get Rating) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 710.71 ($8.84).

Several analysts have recently commented on LRE shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 750 ($9.33) target price on shares of Lancashire in a report on Monday, February 13th. Barclays lowered their target price on shares of Lancashire from GBX 713 ($8.87) to GBX 700 ($8.71) and set an “equal weight” rating for the company in a report on Monday, May 22nd. Morgan Stanley reiterated an “underweight” rating and issued a GBX 590 ($7.34) target price on shares of Lancashire in a report on Tuesday, March 28th. Berenberg Bank increased their target price on shares of Lancashire from GBX 770 ($9.58) to GBX 780 ($9.70) and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 785 ($9.76) price objective on shares of Lancashire in a report on Monday, February 13th.

Insider Buying and Selling

In other Lancashire news, insider Natalie Kershaw sold 5,082 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of GBX 628 ($7.81), for a total transaction of £31,914.96 ($39,695.22). In other Lancashire news, insider Natalie Kershaw sold 5,082 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of GBX 628 ($7.81), for a total transaction of £31,914.96 ($39,695.22). Also, insider Irene McDermott Brown bought 5,054 shares of the business’s stock in a transaction on Monday, March 6th. The shares were acquired at an average price of GBX 593 ($7.38) per share, with a total value of £29,970.22 ($37,276.39). 0.52% of the stock is currently owned by corporate insiders.

Lancashire Stock Performance

Shares of LRE stock opened at GBX 617.50 ($7.68) on Wednesday. The firm has a 50-day moving average of GBX 579.40 and a 200-day moving average of GBX 600.72. The company has a market cap of £1.51 billion, a P/E ratio of -61,750.00, a P/E/G ratio of 0.21 and a beta of 0.57. The company has a debt-to-equity ratio of 37.02, a current ratio of 1.16 and a quick ratio of 1.18. Lancashire has a one year low of GBX 362.60 ($4.51) and a one year high of GBX 670 ($8.33).

About Lancashire

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Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.