Lancashire Holdings Limited (LRE) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Lancashire Holdings Limited (LON:LRE) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 644.11 ($8.42).
LRE has been the subject of a number of recent research reports. Peel Hunt reaffirmed an “add” rating on shares of Lancashire in a research report on Wednesday, September 12th. Shore Capital reaffirmed an “under review” rating on shares of Lancashire in a research report on Monday, October 8th. Canaccord Genuity reissued a “buy” rating and issued a GBX 675 ($8.82) price objective on shares of Lancashire in a report on Friday, November 2nd. Barclays increased their price objective on Lancashire from GBX 667 ($8.72) to GBX 693 ($9.06) and gave the company an “equal weight” rating in a report on Friday, September 7th. Finally, UBS Group reissued a “buy” rating on shares of Lancashire in a report on Friday, October 26th.
LON:LRE traded down GBX 25.50 ($0.33) during trading hours on Thursday, reaching GBX 601 ($7.85). 245,596 shares of the stock were exchanged, compared to its average volume of 1,020,000. Lancashire has a twelve month low of GBX 542.50 ($7.09) and a twelve month high of GBX 773.50 ($10.11).
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 a range of coverages 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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