Lancashire Holdings Limited (LON:LRE) Stock Has Average Target Price of GBX 664.33 According to Brokerages

Key Points

• Broker consensus on Lancashire Holdings is “Hold,” based on six analysts: three rate it a buy, two a hold, and one a sell. The average 12-month price target is GBX 664.33.
• Recent analyst views remain mixed, with price targets ranging from RBC’s GBX 560 “underperform” rating to Berenberg’s GBX 700 hold target and Jefferies’ GBX 698 buy target.
• Shares opened at GBX 638.50, near the consensus target, while insider Philip Broadley bought 1,745 shares at GBX 630; insiders own 5.31% of the company.

Lancashire Holdings Limited (LON:LRE - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 664.33.

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

Insider Transactions at Lancashire

In other Lancashire news, insider Philip Broadley purchased 1,745 shares of the stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of GBX 630 per share, for a total transaction of £10,993.50. Insiders own 5.31% of the company's stock.

Lancashire Stock Performance

Shares of LON LRE opened at GBX 638.50 on Friday. The firm has a market cap of £1.55 billion, a P/E ratio of 4.95, a price-to-earnings-growth 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. The firm's 50 day moving average price is GBX 619.59 and its 200 day moving average price is GBX 616.60.

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.

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