Lancashire Holdings Limited’s (LRE) “Hold” Rating Reaffirmed at Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Thursday. They presently have a GBX 590 ($7.70) price target on the stock. Peel Hunt’s price objective would indicate a potential downside of 15.05% from the company’s current price.
A number of other research firms also recently commented on LRE. Barclays PLC restated an “underweight” rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 545 ($7.11) price objective on shares of Lancashire Holdings Limited in a research note on Monday, September 12th. Stockdale Securities downgraded shares of Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.75) price objective for the company. in a research note on Wednesday, September 14th. HSBC upped their target price on shares of Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the company a “buy” rating in a report on Wednesday, June 29th. Finally, Royal Bank Of Canada raised shares of Lancashire Holdings Limited to a “sector performer” rating and upped their target price for the company from GBX 500 ($6.53) to GBX 625 ($8.16) in a report on Thursday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 645.71 ($8.43).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 696.00 on Thursday. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 772.90. The firm’s 50-day moving average price is GBX 637.11 and its 200-day moving average price is GBX 581.67. The firm’s market capitalization is GBX 1.38 billion.
In other news, insider Maloney ,Alex sold 60,614 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.48), for a total transaction of £393,991 ($514,281.43).
Lancashire Holdings Limited Company Profile
Lancashire Holdings Limited is a United Kingdom-based company, which is engaged in the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Lloyd’s, Property, Energy, Marine and Aviation. The Company operates as a specialty insurer/reinsurer operating across three platforms: Lancashire, Cathedral and Kinesis.
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