Lancashire Holdings Limited’s (LRE) Underweight Rating Reaffirmed at J P Morgan Chase & Co
J P Morgan Chase & Co reissued their underweight rating on shares of Lancashire Holdings Limited (LON:LRE) in a research report sent to investors on Tuesday. The brokerage currently has a GBX 625 ($8.22) price target on the stock.
A number of other brokerages have also issued reports on LRE. Credit Suisse Group initiated coverage on Lancashire Holdings Limited in a research note on Tuesday, July 18th. They issued an underperform rating and a GBX 610 ($8.02) price target on the stock. Numis Securities Ltd reissued a hold rating and issued a GBX 775 ($10.19) price target on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Shore Capital reissued a buy rating on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Peel Hunt reissued an add rating and issued a GBX 725 ($9.53) price target on shares of Lancashire Holdings Limited in a research note on Monday, July 17th. Finally, HSBC Holdings plc reissued a hold rating and issued a GBX 680 ($8.94) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, June 13th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 639.67 ($8.41).
Lancashire Holdings Limited (LRE) opened at 670.00 on Tuesday. The firm has a 50-day moving average of GBX 660.94 and a 200-day moving average of GBX 687.97. The firm’s market cap is GBX 1.34 billion. Lancashire Holdings Limited has a 52-week low of GBX 608.00 and a 52-week high of GBX 775.00.
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About Lancashire Holdings Limited
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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