Lancashire Holdings Limited (LRE) Given Average Recommendation of “Hold” by Brokerages
Shares of Lancashire Holdings Limited (LON:LRE) have received an average rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 692.62 ($9.11).
LRE has been the subject of a number of research analyst reports. Peel Hunt restated an “add” rating and issued a GBX 760 ($10.00) target price on shares of Lancashire in a research note on Thursday, September 7th. Stockdale Securities restated an “add” rating and issued a GBX 800 ($10.52) target price on shares of Lancashire in a research note on Monday, November 6th. Shore Capital restated a “buy” rating on shares of Lancashire in a research note on Monday, October 9th. Finally, Shore Capital Group Limited restated a “buy” rating on shares of Lancashire in a research note on Thursday, November 2nd.
Shares of Lancashire (LRE) traded up GBX 4.50 ($0.06) during mid-day trading on Friday, reaching GBX 704 ($9.26). The company had a trading volume of 925,276 shares, compared to its average volume of 717,260. Lancashire has a one year low of GBX 608 ($8.00) and a one year high of GBX 773.50 ($10.17).
In related news, insider Peter Clarke acquired 30,000 shares of Lancashire stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of GBX 746 ($9.81) per share, for a total transaction of £223,800 ($294,357.49).
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Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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