Lancashire Holdings Limited Price Target Cut to GBX 680 (LRE)
Analysts at Credit Suisse lowered their price objective on shares of Lancashire Holdings Limited (LON:LRE) from GBX 800 ($13.58) to GBX 680 ($11.55) in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s target price suggests a potential upside of 12.58% from the stock’s previous close.
LRE has been the subject of a number of other recent research reports. 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. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Lancashire Holdings Limited in a research note on Monday, July 28th. They now have a GBX 730 ($12.40) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Lancashire Holdings Limited from GBX 690 ($11.72) to GBX 670 ($11.38) in a research note on Friday, July 25th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 738.73 ($12.54).
Shares of Lancashire Holdings Limited (LON:LRE) traded down 1.39% on Friday, hitting GBX 604.00. 355,018 shares of the company’s stock traded hands. Lancashire Holdings Limited has a 1-year low of GBX 590.00 and a 1-year high of GBX 823.00. The stock has a 50-day moving average of GBX 637.1 and a 200-day moving average of GBX 684.8. The company’s market cap is £1.128 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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