Lancashire Holdings Limited (LON:LRE - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 699 ($9.39) and last traded at GBX 696 ($9.34), with a volume of 114333 shares. The stock had previously closed at GBX 694 ($9.32).
Wall Street Analysts Forecast Growth
Several research firms have issued reports on LRE. Peel Hunt downgraded Lancashire to a "hold" rating and boosted their price objective for the stock from GBX 630 to GBX 645 in a report on Thursday, August 21st. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Lancashire in a research note on Friday, July 18th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 750 target price on shares of Lancashire in a report on Thursday, August 7th. Citigroup boosted their target price on Lancashire from GBX 656 to GBX 696 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 670 price target on shares of Lancashire in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 690.25.
Read Our Latest Analysis on Lancashire
Lancashire Price Performance
The business has a 50-day simple moving average of GBX 628.58 and a two-hundred day simple moving average of GBX 600.35. The stock has a market capitalization of £1.68 billion, a P/E ratio of 754.35, a PEG ratio of 0.21 and a beta of 0.62. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26.
Insiders Place Their Bets
In other Lancashire news, insider Philip Broadley bought 4,700 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were bought at an average price of GBX 637 per share, for a total transaction of £29,939. Also, insider Bryan Joseph bought 1,200 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were acquired at an average price of GBX 609 per share, for a total transaction of £7,308. Corporate insiders own 4.61% of the company's stock.
About Lancashire
(
Get Free Report)
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.
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