Lancashire (LON:LRE) Sets New 52-Week Low at $604.50

Lancashire Holdings Limited (LON:LRE)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 604.50 ($7.90) and last traded at GBX 612 ($8.00), with a volume of 218376 shares. The stock had previously closed at GBX 645 ($8.43).

Several brokerages recently weighed in on LRE. Berenberg Bank reissued a “buy” rating and issued a GBX 915 ($11.95) price objective on shares of Lancashire in a research note on Wednesday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Lancashire from GBX 613 ($8.01) to GBX 662 ($8.65) and gave the company a “neutral” rating in a report on Monday, August 9th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 725 ($9.47) target price on shares of Lancashire in a report on Thursday, July 29th. Barclays dropped their target price on shares of Lancashire from GBX 907 ($11.85) to GBX 871 ($11.38) and set an “overweight” rating on the stock in a report on Friday, September 10th. Finally, Shore Capital restated a “buy” rating on shares of Lancashire in a report on Thursday, September 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 843.83 ($11.02).

The firm’s fifty day moving average price is GBX 643.40 and its two-hundred day moving average price is GBX 647.92. The stock has a market cap of £1.49 billion and a price-to-earnings ratio of 26.32. The company has a debt-to-equity ratio of 29.95, a current ratio of 2.09 and a quick ratio of 1.55.

The business also recently disclosed a dividend, which was paid on Friday, September 3rd. Stockholders of record on Thursday, August 5th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, August 5th. This represents a dividend yield of 0.56%. Lancashire’s dividend payout ratio is currently 0.71%.

About Lancashire (LON:LRE)

Lancashire Holdings Limited provides specialty insurance and reinsurance products in London and Bermuda. The company operates through four segments: Property, Energy, Marine, and Aviation. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products; marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream, downstream and onshore operational, and upstream construction all risks business.

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