Lancashire Holdings Limited (LRE) Given Average Recommendation of “Hold” by Brokerages
Lancashire Holdings Limited (LON:LRE) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Five equities research 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 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 646.83 ($8.43).
A number of equities research analysts have issued reports on LRE shares. Peel Hunt reissued an “add” rating and set a GBX 710 ($9.25) target price on shares of Lancashire Holdings Limited in a research note on Thursday, March 30th. Macquarie reissued an “underperform” rating and set a GBX 530 ($6.90) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, April 4th. Canaccord Genuity raised shares of Lancashire Holdings Limited to a “hold” rating and set a GBX 630 ($8.21) target price for the company in a research note on Tuesday, April 18th. Stockdale Securities reissued a “neutral” rating on shares of Lancashire Holdings Limited in a research note on Thursday, April 27th. Finally, Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th.
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Shares of Lancashire Holdings Limited (LON LRE) traded down 2.10% on Monday, hitting GBX 724.00. The company had a trading volume of 328,847 shares. The company’s market cap is GBX 1.44 billion. Lancashire Holdings Limited has a 12-month low of GBX 581.43 and a 12-month high of GBX 775.00. The company has a 50 day moving average of GBX 707.78 and a 200-day moving average of GBX 691.73.
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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