Shares of Lancashire Holdings Limited (LON:LRE) have earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 689 ($9.00).
A number of brokerages have recently issued reports on LRE. Peel Hunt reissued an “add” rating on shares of Lancashire in a research note on Monday, March 25th. Numis Securities reissued an “add” rating and set a GBX 705 ($9.21) target price on shares of Lancashire in a research note on Wednesday, May 1st. UBS Group reissued a “buy” rating and set a GBX 675 ($8.82) target price on shares of Lancashire in a research note on Thursday, May 2nd. Shore Capital reissued a “hold” rating on shares of Lancashire in a research note on Thursday, May 2nd. Finally, Barclays boosted their target price on shares of Lancashire from GBX 618 ($8.08) to GBX 676 ($8.83) and gave the company an “equal weight” rating in a research note on Monday, February 18th.
In related news, insider Elaine Whelan sold 1,334 shares of the company’s stock in a transaction dated 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).
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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