Brokerages set Lancashire Holdings Limited (LON:LRE) PT at GBX 781

Lancashire Holdings Limited (LON:LRE – Get Your Free Report ) has received a rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 781 ($10.15).

Several equities research analysts have recently issued reports on the company. Barclays reduced 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 report on Friday, May 3rd . Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.40) target price on shares of Lancashire in a research note on Friday, August 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 740 ($9.62) price objective on shares of Lancashire in a research note on Wednesday, May 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 825 ($10.72) price objective on shares of Lancashire in a report on Friday, May 3rd.

See the latest Lancashire stock report

Inland transactions in Lancashire

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

Lancashire stocks up 1.2%

Shares of LON LRE opened at GBX 669 ($8.69) on Tuesday. The firm has a market cap of £1.61 billion, a P/E ratio of 581.74, a price-to-earnings-growth ratio of 0.21 and a beta of 0.63. The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18, and a current ratio of 25.01. Lancashire has a 1 year low of GBX 527.50 ($6.85) and a 1 year high of GBX 690 ($8.97). The company’s 50-day moving average price is GBX 617.68, and its 200-day moving average price is GBX 618.59.

Lancashire cuts dividends

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

Lancashire Company Profile

(Get a free report

Lancashire Holdings Limited, together with its subsidiaries, provides specialist insurance and reinsurance products in London, Bermuda, Australia and the United States. The company operates through two segments, Reinsurance and Insurance. Offers direct and discretionary insurance products for property, political risk on property and sovereign risk and insurance products against real estate terrorism and political violence; and aviation AV52, consortium of aviation, body and liability for airlines and satellite insurance products.

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