Lancashire Holdings Limited (LON:LRE) Receives Average Rating of “Hold” from Brokerages

Lancashire Holdings Limited (LON:LRE) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 670.17.

A number of research analysts have issued reports on the company. The Goldman Sachs Group reduced their price target on Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Jefferies Financial Group lowered their price target on Lancashire from GBX 736 to GBX 668 and set a “buy” rating on the stock in a report on Tuesday, March 10th.

Lancashire Price Performance

LRE opened at GBX 609 on Tuesday. The stock’s 50 day moving average price is GBX 629.30 and its 200 day moving average price is GBX 628.74. The stock has a market cap of £1.47 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.21 and a beta of 0.40. Lancashire has a 12 month low of GBX 505 and a 12 month high of GBX 700.

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.