Brokerages Set Lancashire Holdings Limited (LRE) Target Price at $667.90

Lancashire Holdings Limited (LON:LRE) has been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 670.10 ($8.76).

LRE has been the subject of a number of research reports. Peel Hunt reaffirmed an “add” rating on shares of Lancashire in a report on Thursday, February 14th. UBS Group reaffirmed a “buy” rating and issued a GBX 675 ($8.82) target price (up from GBX 655 ($8.56)) on shares of Lancashire in a report on Friday, February 15th. JPMorgan Chase & Co. increased their price target on shares of Lancashire from GBX 580 ($7.58) to GBX 615 ($8.04) and gave the stock a “neutral” rating in a report on Monday, February 18th. Numis Securities cut their price target on shares of Lancashire from GBX 735 ($9.60) to GBX 705 ($9.21) and set a “buy” rating for the company in a report on Tuesday, February 5th. Finally, Barclays cut their price target on shares of Lancashire from GBX 623 ($8.14) to GBX 618 ($8.08) and set an “equal weight” rating for the company in a report on Monday, January 21st.

In related news, insider Elaine Whelan sold 1,334 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of GBX 650 ($8.49), for a total transaction of £8,671 ($11,330.20).

Shares of LON:LRE traded up GBX 3.50 ($0.05) on Wednesday, reaching GBX 672 ($8.78). The company’s stock had a trading volume of 359,337 shares, compared to its average volume of 1,020,000. Lancashire has a 52-week low of GBX 505 ($6.60) and a 52-week high of GBX 668.50 ($8.74). The company has a debt-to-equity ratio of 30.42, a quick ratio of 0.87 and a current ratio of 1.28. The stock has a market capitalization of $1.34 billion and a price-to-earnings ratio of 35.94.

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, February 21st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a yield of 1.23%. Lancashire’s dividend payout ratio is currently 0.80%.

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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Analyst Recommendations for Lancashire (LON:LRE)

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