Lancashire Holdings Limited (LON:LRE) Receives GBX 781 Consensus Target Price from Brokerages

Lancashire Holdings Limited (LON:LRE) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 781 ($10.15).

Several research analysts have weighed in on the company. Barclays cut their price objective on Lancashire from GBX 800 ($10.40) to GBX 790 ($10.27) and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 825 ($10.72) price target on shares of Lancashire in a research report on Friday, May 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 740 ($9.62) price target on shares of Lancashire in a research report on Wednesday, May 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($10.40) price target on shares of Lancashire in a research report on Friday, August 9th.

Insiders Place Their Bets

In other news, insider Michael George Dawson acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of GBX 610 ($7.93) per share, for a total transaction of £61,000 ($79,261.95). Corporate insiders own 0.63% of the company’s stock.

Lancashire Price Performance

LRE stock opened at GBX 669 ($8.69) on Tuesday. The stock’s fifty day simple moving average is GBX 619.08 and its two-hundred day simple moving average is GBX 619.01. The company has a current ratio of 25.01, a quick ratio of 1.18 and a debt-to-equity ratio of 30.12. Lancashire has a 1-year low of GBX 527.50 ($6.85) and a 1-year high of GBX 690 ($8.97). The stock has a market cap of £1.61 billion, a P/E ratio of 581.74, a P/E/G ratio of 0.21 and a beta of 0.63.

Lancashire Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 0.98%. Lancashire’s dividend payout ratio is currently 1,565.22%.

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.