Lancashire Holdings Limited (LRE) Given Average Rating of “Hold” by Analysts
Shares of Lancashire Holdings Limited (LON:LRE) have received an average recommendation of “Hold” from the twelve brokerages that are covering the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 657.44 ($8.50).
A number of research analysts have recently commented on the company. Canaccord Genuity upped their price target on Lancashire Holdings Limited from GBX 600 ($7.76) to GBX 630 ($8.15) and gave the company a “sell” rating in a research report on Friday, February 17th. Macquarie increased their price objective on Lancashire Holdings Limited from GBX 489 ($6.32) to GBX 530 ($6.85) and gave the stock an “underperform” rating in a report on Monday, February 20th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 595 ($7.70) price objective on shares of Lancashire Holdings Limited in a report on Thursday, March 16th. Numis Securities Ltd cut Lancashire Holdings Limited to a “hold” rating and increased their price objective for the stock from GBX 720 ($9.31) to GBX 735 ($9.51) in a report on Monday, January 9th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 630 ($8.15) price objective on shares of Lancashire Holdings Limited in a report on Tuesday, January 10th.
In other news, insider Michael George Dawson acquired 7,200 shares of Lancashire Holdings Limited stock in a transaction dated Tuesday, February 28th. The shares were purchased at an average cost of GBX 693 ($8.96) per share, for a total transaction of £49,896 ($64,531.82). Also, insider Elaine Whelan sold 4,723 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of GBX 690 ($8.92), for a total value of £32,588.70 ($42,147.83).
Lancashire Holdings Limited (LON:LRE) traded up 0.15% on Monday, reaching GBX 669.00. The company’s stock had a trading volume of 592,316 shares. Lancashire Holdings Limited has a 12 month low of GBX 467.00 and a 12 month high of GBX 775.00. The firm’s market cap is GBX 1.33 billion. The firm has a 50 day moving average of GBX 682.86 and a 200 day moving average of GBX 687.15.
Lancashire Holdings Limited Company Profile
Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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