Brokerages Set Lancashire Holdings Limited (LON:LRE) PT at GBX 768

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 768 ($9.56).

LRE has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($9.96) price objective on shares of Lancashire in a research note on Friday, March 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 750 ($9.34) price objective on shares of Lancashire in a research note on Thursday, March 7th.

Lancashire Stock Performance

LRE opened at GBX 575 ($7.16) on Wednesday. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 547.62, a PEG ratio of 0.21 and a beta of 0.58. The company has a fifty day moving average of GBX 624.78 and a 200 day moving average of GBX 613.23. Lancashire has a fifty-two week low of GBX 525 ($6.54) and a fifty-two week high of GBX 690 ($8.59). The company has a debt-to-equity ratio of 31.25, a quick ratio of 1.18 and a current ratio of 1.62.

Lancashire Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s payout ratio is 1,523.81%.

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.