Lancashire Holdings Limited’s Underweight Rating Reaffirmed at Barclays (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “underweight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Thursday. They currently have a GBX 575 ($9.52) target price on the stock. Barclays’ price objective suggests a potential downside of 8.00% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lancashire Holdings Limited in a research note on Tuesday, August 19th. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Lancashire Holdings Limited in a research note on Friday, August 15th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lancashire Holdings Limited in a research note on Wednesday, August 13th. They now have a GBX 710 ($11.75) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 736.50 ($12.19).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 622.50 on Thursday. Lancashire Holdings Limited has a 1-year low of GBX 584.92 and a 1-year high of GBX 821.00. The stock’s 50-day moving average is GBX 614.4 and its 200-day moving average is GBX 664.. The company’s market cap is £1.163 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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