Brokerages Set Lancashire Holdings Limited (LRE) Price Target at $666.90

Lancashire Holdings Limited (LON:LRE) has earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 666.90 ($8.71).

Several brokerages recently issued reports on LRE. Peel Hunt reissued an “add” rating on shares of Lancashire in a research note on Wednesday, March 13th. Barclays dropped their price objective on shares of Lancashire from GBX 636 ($8.31) to GBX 623 ($8.14) and set an “equal weight” rating on the stock in a research note on Thursday, December 13th. Numis Securities dropped their price objective on shares of Lancashire from GBX 735 ($9.60) to GBX 705 ($9.21) and set a “buy” rating on the stock in a research note on Tuesday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Lancashire from GBX 570 ($7.45) to GBX 580 ($7.58) and gave the company a “neutral” rating in a research note on Tuesday, February 5th. Finally, Shore Capital reaffirmed an “under review” rating on shares of Lancashire in a research note on Thursday, February 14th.

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

Shares of LON LRE opened at GBX 652.50 ($8.53) on Friday. The firm has a market cap of $1.31 billion and a P/E ratio of 34.89. Lancashire has a 12-month low of GBX 505 ($6.60) and a 12-month high of GBX 667.50 ($8.72). 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 firm also recently disclosed a dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 21st will be paid a $0.10 dividend. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 21st. Lancashire’s dividend payout ratio (DPR) is 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.

Featured Story: Net Income

Analyst Recommendations for Lancashire (LON:LRE)

Receive News & Ratings for Lancashire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire and related companies with MarketBeat.com's FREE daily email newsletter.