Lancashire (LON:LRE) Given Hold Rating at Peel Hunt

Peel Hunt restated their hold rating on shares of Lancashire (LON:LRE) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently commented on LRE. Berenberg Bank decreased their target price on Lancashire from GBX 742 ($9.70) to GBX 697 ($9.11) and set a buy rating for the company in a research note on Wednesday, June 12th. Numis Securities reaffirmed an add rating and set a GBX 705 ($9.21) target price on shares of Lancashire in a research note on Wednesday, May 1st. Shore Capital reaffirmed a hold rating on shares of Lancashire in a research note on Thursday, July 25th. UBS Group reissued a buy rating and issued a GBX 760 ($9.93) price objective (up previously from GBX 745 ($9.73)) on shares of Lancashire in a research note on Friday, July 26th. Finally, Morgan Stanley assumed coverage on Lancashire in a research note on Friday, May 17th. They issued an equal weight rating and a GBX 667 ($8.72) price objective for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 697.22 ($9.11).

LON LRE opened at GBX 708 ($9.25) on Monday. The business has a 50 day simple moving average of GBX 695.70 and a 200 day simple moving average of GBX 671.22. Lancashire has a one year low of GBX 505 ($6.60) and a one year high of GBX 731 ($9.55). The stock has a market capitalization of $1.43 billion and a P/E ratio of 7,080.00. The company has a debt-to-equity ratio of 31.04, a current ratio of 2.19 and a quick ratio of 1.48.



The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 8th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 0.56%. Lancashire’s dividend payout ratio (DPR) is presently 80.00%.

In related news, insider Alex Maloney sold 19,259 shares of Lancashire stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of GBX 703 ($9.19), for a total transaction of £135,390.77 ($176,912.02). Also, insider Sally Williams bought 1,414 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of GBX 709 ($9.26) per share, for a total transaction of £10,025.26 ($13,099.78).

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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