Lancashire Holdings Limited (LRE) Stock Rating Reaffirmed by Numis Securities Ltd
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reissued by research analysts at Numis Securities Ltd in a note issued to investors on Thursday. They presently have a GBX 775 ($10.23) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 3.36% from the stock’s current price.
LRE has been the subject of several other reports. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 625 ($8.25) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, October 10th. Peel Hunt reaffirmed an “add” rating and issued a GBX 690 ($9.11) target price on shares of Lancashire Holdings Limited in a research note on Monday, October 9th. Morgan Stanley began coverage on shares of Lancashire Holdings Limited in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 630 ($8.31) target price for the company. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a GBX 631 ($8.33) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 648.62 ($8.56).
Lancashire Holdings Limited (LRE) traded up GBX 2.82 ($0.04) during mid-day trading on Thursday, reaching GBX 749.82 ($9.89). 851,645 shares of the company’s stock traded hands, compared to its average volume of 534,182. Lancashire Holdings Limited has a 12-month low of GBX 608 ($8.02) and a 12-month high of GBX 775 ($10.23).
Lancashire Holdings Limited Company Profile
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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