Lancashire Holdings Limited Given Reduce Rating at Nomura (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “reduce” rating reaffirmed by analysts at Nomura in a research report issued to clients and investors on Thursday. They currently have a GBX 695 ($11.84) target price on the stock. Nomura’s price target indicates a potential upside of 7.09% from the stock’s previous close.
Lancashire Holdings Limited (LON:LRE) opened at 648.50 on Thursday. Lancashire Holdings Limited has a 52-week low of GBX 590.00 and a 52-week high of GBX 823.4999. The stock has a 50-day moving average of GBX 646.9 and a 200-day moving average of GBX 709.4. The company’s market cap is £1.181 billion.
A number of other firms have also recently commented on LRE. Analysts at Westhouse Securities reiterated an “add” rating on shares of Lancashire Holdings Limited in a research note on Friday, June 27th. Separately, analysts at Credit Suisse cut their price target on shares of Lancashire Holdings Limited from GBX 860 ($14.65) to GBX 800 ($13.63) in a research note on Wednesday, June 25th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 766.38 ($13.05).
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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