Lancashire Holdings Ltd’s “Overweight” Rating Reaffirmed at HSBC (LRE)
Lancashire Holdings Ltd (LON:LRE)‘s stock had its “overweight” rating reiterated by research analysts at HSBC in a report released on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 954 ($15.66) price target on the stock. HSBC’s price objective would indicate a potential upside of 24.87% from the company’s current price.
A number of other firms have also recently commented on LRE. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of Lancashire Holdings Ltd from GBX 816 ($13.39) to GBX 805 ($13.21) in a research note to investors on Thursday, January 16th. They now have a “neutral” rating on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Lancashire Holdings Ltd in a research note to investors on Thursday, January 16th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Lancashire Holdings Ltd in a research note to investors on Wednesday, January 15th. They now have a GBX 860 ($14.12) price target on the stock. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 894.17 ($14.68).
Shares of Lancashire Holdings Ltd (LON:LRE) opened at 760.00 on Tuesday. Lancashire Holdings Ltd has a 52 week low of GBX 711.00 and a 52 week high of GBX 933.00. The stock’s 50-day moving average is GBX 781.0 and its 200-day moving average is GBX 780.8. The company’s market cap is £1.287 billion.
Lancashire Holdings Limited (LON:LRE), along with its subsidiaries is engaged in the provision of global specialty insurance and reinsurance products.
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