Key Points
- Insider purchase: Philip Broadley bought 1,745 Lancashire shares at GBX 630 each, for a total of £10,993.50.
- Stock performance: Lancashire shares opened at GBX 622.50, with a market capitalization of approximately £1.51 billion and a 52-week trading range of GBX 549 to GBX 700.
- Analyst view: Ratings are mixed, resulting in a consensus “Hold” rating and an average price target of GBX 664.33.
Lancashire Holdings Limited (LON:LRE - Get Free Report) insider Philip Broadley purchased 1,745 shares of Lancashire stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of GBX 630 per share, for a total transaction of £10,993.50.
Lancashire Stock Performance
Shares of LON LRE opened at GBX 622.50 on Thursday. The firm has a market capitalization of £1.51 billion, a price-to-earnings ratio of 4.83, a PEG ratio of 0.21 and a beta of 0.46. Lancashire Holdings Limited has a 52-week low of GBX 549 and a 52-week high of GBX 700. The stock has a 50 day moving average price of GBX 622.18 and a 200 day moving average price of GBX 616.11.
Analyst Ratings Changes
A number of brokerages recently weighed in on LRE. Royal Bank Of Canada decreased their price objective on Lancashire from GBX 580 to GBX 560 and set an "underperform" rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group reissued a "buy" rating and set a GBX 698 target price on shares of Lancashire in a report on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 700 target price on shares of Lancashire in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lancashire has a consensus rating of "Hold" and a consensus target price of GBX 664.33.
View Our Latest Analysis on LRE
Lancashire Company Profile
(
Get Free Report)
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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.
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