Stockdale Securities Lowers Lancashire Holdings Limited (LRE) to Neutral
Stockdale Securities cut shares of Lancashire Holdings Limited (LON:LRE) to a neutral rating in a research note released on Wednesday morning. Stockdale Securities currently has GBX 670 ($8.92) price target on the stock.
A number of other brokerages have also commented on LRE. Barclays PLC reissued an underweight rating on shares of Lancashire Holdings Limited in a research report on Monday, August 1st. Peel Hunt reissued a hold rating and issued a GBX 530 ($7.06) price objective on shares of Lancashire Holdings Limited in a research report on Thursday, June 2nd. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 545 ($7.26) price objective on shares of Lancashire Holdings Limited in a research report on Monday, September 12th. HSBC boosted their price objective on shares of Lancashire Holdings Limited from GBX 680 ($9.06) to GBX 730 ($9.72) and gave the stock a buy rating in a research report on Wednesday, June 29th. Finally, Royal Bank Of Canada raised shares of Lancashire Holdings Limited to a sector performer rating and boosted their price objective for the stock from GBX 500 ($6.66) to GBX 625 ($8.32) in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Lancashire Holdings Limited has a consensus rating of Hold and a consensus price target of GBX 645.71 ($8.60).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 676.00 on Wednesday. The firm’s market capitalization is GBX 1.34 billion. Lancashire Holdings Limited has a 52-week low of GBX 467.00 and a 52-week high of GBX 772.90. The firm has a 50-day moving average of GBX 630.18 and a 200 day moving average of GBX 579.08.
In other news, insider Maloney ,Alex sold 60,614 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.66), for a total value of £393,991 ($524,761.59).
About Lancashire Holdings Limited
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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