Lancashire Holdings Limited (LRE) Receives Add Rating from Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating reaffirmed by equities researchers at Peel Hunt in a report released on Monday. They presently have a GBX 725 ($9.22) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 3.94% from the company’s current price.
Other research analysts also recently issued reports about the company. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 630 ($8.01) price target on shares of Lancashire Holdings Limited in a research report on Friday, May 5th. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 680 ($8.65) price target on shares of Lancashire Holdings Limited in a research report on Tuesday, June 13th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 775 ($9.86) price target on shares of Lancashire Holdings Limited in a research report on Thursday, May 4th. Finally, Stockdale Securities reaffirmed a “neutral” rating on shares of Lancashire Holdings Limited in a research report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Lancashire Holdings Limited presently has an average rating of “Hold” and a consensus target price of GBX 660.64 ($8.40).
Shares of Lancashire Holdings Limited (LON LRE) opened at 697.50 on Monday. Lancashire Holdings Limited has a 12 month low of GBX 572.35 and a 12 month high of GBX 775.00. The firm has a 50-day moving average of GBX 689.54 and a 200 day moving average of GBX 686.38. The firm’s market cap is GBX 1.39 billion.
About Lancashire Holdings Limited
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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