Lancashire Holdings Limited (LRE) Rating Reiterated by Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reissued by analysts at Peel Hunt in a research note issued to investors on Monday. They currently have a GBX 590 ($7.30) price objective on the stock. Peel Hunt’s target price suggests a potential downside of 14.92% from the company’s current price.
Several other brokerages have also recently issued reports on LRE. Barclays PLC reaffirmed an “underweight” rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. Shore Capital reaffirmed a “buy” rating on shares of Lancashire Holdings Limited in a research note on Wednesday, October 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 545 ($6.75) target price on shares of Lancashire Holdings Limited in a research note on Monday, September 12th. Stockdale Securities cut shares of Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.29) target price on the stock. in a research note on Wednesday, September 14th. Finally, HSBC lifted their target price on shares of Lancashire Holdings Limited from GBX 680 ($8.42) to GBX 730 ($9.03) and gave the stock a “buy” rating in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 645.71 ($7.99).
Lancashire Holdings Limited (LON:LRE) traded up 0.72% on Monday, reaching GBX 695.00. 195,292 shares of the company traded hands. The stock has a 50 day moving average of GBX 661.14 and a 200-day moving average of GBX 593.18. Lancashire Holdings Limited has a 1-year low of GBX 467.00 and a 1-year high of GBX 772.90. The stock’s market capitalization is GBX 1.38 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/2016/10/10/lancashire-holdings-limited-lre-rating-reiterated-by-peel-hunt.html
In other Lancashire Holdings Limited 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 ($8.04), for a total transaction of £393,991 ($487,612.62).
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.