Lancashire Holdings Limited (LRE) Given Buy Rating at Shore Capital
Lancashire Holdings Limited (LON:LRE)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a research note issued to investors on Wednesday.
A number of other research analysts have also recently weighed in on LRE. Morgan Stanley lifted their price objective on shares of Lancashire Holdings Limited from GBX 593 ($7.74) to GBX 666 ($8.69) and gave the company an “equal weight” rating in a report on Thursday, August 4th. Stockdale Securities cut shares of Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.75) price objective for the company. in a report on Wednesday, September 14th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 585 ($7.64) price objective on shares of Lancashire Holdings Limited in a report on Wednesday, July 27th. Barclays PLC lifted their price objective on shares of Lancashire Holdings Limited from GBX 419 ($5.47) to GBX 529 ($6.91) and gave the company an “underweight” rating in a report on Wednesday, June 29th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 695 ($9.07) price objective on shares of Lancashire Holdings Limited in a report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 645.71 ($8.43).
Shares of Lancashire Holdings Limited (LON:LRE) traded down 0.72% on Wednesday, hitting GBX 690.00. 375,942 shares of the company were exchanged. Lancashire Holdings Limited has a 52-week low of GBX 467.00 and a 52-week high of GBX 772.90. The firm’s 50-day moving average is GBX 661.14 and its 200-day moving average is GBX 593.18. The stock’s market capitalization is GBX 1.37 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/lancashire-holdings-limited-lre-given-buy-rating-at-shore-capital.html
In other news, insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.48), for a total transaction of £393,991 ($514,281.43).
Lancashire Holdings Limited Company Profile
Lancashire Holdings Limited is a United Kingdom-based company, which is engaged in the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Lloyd’s, Property, Energy, Marine and Aviation. The Company operates as a specialty insurer/reinsurer operating across three platforms: Lancashire, Cathedral and Kinesis.
Receive News & Ratings for Lancashire Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.