Lancashire Holdings Limited Rating Reiterated by Barclays (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Friday. They currently have a GBX 589 ($10.00) price target on the stock. Barclays’ price objective would suggest a potential downside of 3.84% from the company’s current price.
Shares of Lancashire Holdings Limited (LON:LRE) opened at 602.50 on Friday. Lancashire Holdings Limited has a 52 week low of GBX 590.00 and a 52 week high of GBX 822.9999. The stock’s 50-day moving average is GBX 638.6 and its 200-day moving average is GBX 685.4. The company’s market cap is £1.125 billion.
A number of other firms have also recently commented on LRE. Analysts at Credit Suisse cut their price target on shares of Lancashire Holdings Limited from GBX 800 ($13.58) to GBX 680 ($11.55) in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of Lancashire Holdings Limited from GBX 720 ($12.23) to GBX 666 ($11.31) in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Lancashire Holdings Limited in a research note on Monday. They now have a GBX 730 ($12.40) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 738.73 ($12.54).
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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