Lancashire Holdings Limited (LRE) Earns “Add” Rating from Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 760 ($9.87) price target on the stock. Peel Hunt’s target price points to a potential upside of 9.43% from the stock’s previous close.
Several other equities analysts have also recently commented on LRE. Morgan Stanley started coverage on shares of Lancashire Holdings Limited in a research note on Tuesday, July 25th. They set an “equal weight” rating and a GBX 630 ($8.18) target price on the stock. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 595 ($7.72) target price on shares of Lancashire Holdings Limited in a research note on Friday, May 5th. Canaccord Genuity reissued a “hold” rating and set a GBX 630 ($8.18) target price on shares of Lancashire Holdings Limited in a research note on Friday, May 5th. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 775 ($10.06) target price on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 650.85 ($8.45).
Lancashire Holdings Limited (LON LRE) traded down 1.42% during midday trading on Thursday, reaching GBX 694.50. 176,966 shares of the company’s stock traded hands. The company’s market capitalization is GBX 1.39 billion. Lancashire Holdings Limited has a 1-year low of GBX 619.50 and a 1-year high of GBX 775.00. The firm’s 50 day moving average price is GBX 721.04 and its 200-day moving average price is GBX 697.94.
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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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