Lancashire Holdings Limited (LON:LRE) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst consensus on Lancashire Holdings is “Hold.” Of six covering firms, three rate the stock a buy, two hold, and one sell; the average 12-month price target is GBX 663.17.
• Recent recommendations were mixed: RBC lowered its target to GBX 560 with an “underperform” rating, while Jefferies maintained “buy” at GBX 691 and Berenberg maintained “hold” at GBX 700.
• The shares opened at GBX 679.50, near the top of their GBX 549–GBX 694.50 one-year range. Insider Philip Broadley also purchased 1,745 shares at GBX 630, while insiders own 5.31% of the company.

Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 663.17.

A number of equities research analysts have recently commented on LRE shares. Royal Bank Of Canada cut 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. Jefferies Financial Group restated a "buy" rating and issued a GBX 691 target price on shares of Lancashire in a report on Tuesday, October 13th. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 700 target price on shares of Lancashire in a report on Thursday, July 30th.

Insider Activity at Lancashire

In related news, insider Philip Broadley purchased 1,745 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of GBX 630 per share, with a total value of £10,993.50. 5.31% of the stock is currently owned by corporate insiders.

Lancashire Stock Performance

Shares of LON:LRE opened at GBX 679.50 on Wednesday. The stock has a market capitalization of £1.65 billion, a price-to-earnings ratio of 5.27, a PEG 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 694.50. The company has a 50 day moving average price of GBX 640.81 and a 200 day moving average price of GBX 623.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.