Shares of Lancashire Holdings Limited (LON:LRE) have received a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 709.50 ($9.27).
Several brokerages have recently weighed in on LRE. UBS Group reiterated a “buy” rating and set a GBX 760 ($9.93) price target (up previously from GBX 745 ($9.73)) on shares of Lancashire in a research note on Friday, July 26th. Peel Hunt reiterated a “hold” rating on shares of Lancashire in a research note on Monday, September 30th. Shore Capital reiterated a “hold” rating on shares of Lancashire in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price target on shares of Lancashire from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the stock an “outperform” rating in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Lancashire from GBX 650 ($8.49) to GBX 645 ($8.43) and set an “overweight” rating on the stock in a research note on Monday, September 16th.
In related news, insider Alex Maloney sold 19,259 shares of Lancashire stock in a transaction on Friday, August 2nd. The shares were sold at an average price of GBX 703 ($9.19), for a total transaction of £135,390.77 ($176,912.02). Also, insider Sally Williams bought 1,414 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of GBX 709 ($9.26) per share, for a total transaction of £10,025.26 ($13,099.78).
Shares of Lancashire stock traded down GBX 7.50 ($0.10) on Wednesday, hitting GBX 702 ($9.17). 101,553 shares of the company’s stock were exchanged, compared to its average volume of 1,020,000. The company has a 50-day simple moving average of GBX 711.48 and a 200-day simple moving average of GBX 690.49. The stock has a market capitalization of $1.42 billion and a PE ratio of 7,020.00. Lancashire has a 1 year low of GBX 519.50 ($6.79) and a 1 year high of GBX 749.50 ($9.79). The company has a debt-to-equity ratio of 31.04, a quick ratio of 1.48 and a current ratio of 2.19.
Lancashire Company Profile
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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