Peel Hunt Reiterates Hold Rating for Lancashire Holdings Limited (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating restated by stock analysts at Peel Hunt in a research note issued on Monday. They currently have a GBX 590 ($7.70) price objective on the stock. Peel Hunt’s price target suggests a potential downside of 14.92% from the company’s previous close.
A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 565 ($7.38) price objective on shares of Lancashire Holdings Limited in a research note on Thursday, July 28th. HSBC raised their price objective on shares of Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the company a “buy” rating in a research note on Wednesday, June 29th. Royal Bank Of Canada upgraded shares of Lancashire Holdings Limited to a “sector performer” rating and raised their price objective for the company from GBX 500 ($6.53) to GBX 625 ($8.16) in a research note on Thursday, September 1st. Barclays PLC restated an “underweight” rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. Finally, Numis Securities Ltd lowered shares of Lancashire Holdings Limited to an “add” rating and lifted their price target for the stock from GBX 675 ($8.81) to GBX 720 ($9.40) in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 645.71 ($8.43).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 694.50 on Monday. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 772.90. The company’s 50-day moving average is GBX 661.14 and its 200-day moving average is GBX 593.18. The company’s market cap is GBX 1.38 billion.
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In related news, insider Maloney ,Alex sold 60,614 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.48), for a total value 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.
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