Peel Hunt Reaffirms “Add” Rating for Lancashire Holdings Limited (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating restated by analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 760 ($9.82) price target on the stock. Peel Hunt’s target price points to a potential upside of 24.39% from the stock’s previous close.
A number of other research analysts have also recently commented on LRE. Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Morgan Stanley began coverage on Lancashire Holdings Limited in a research note on Tuesday, July 25th. They set an “equal weight” rating and a GBX 630 ($8.14) price objective on the stock. Numis Securities Ltd restated a “hold” rating and set a GBX 775 ($10.01) price objective on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. HSBC Holdings plc restated a “hold” rating and set a GBX 680 ($8.78) price objective on shares of Lancashire Holdings Limited in a research note on Tuesday, June 13th. Finally, Credit Suisse Group began coverage on Lancashire Holdings Limited in a research note on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($7.88) price objective on the stock. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 650.85 ($8.41).
Lancashire Holdings Limited (LON LRE) traded down 4.61% during trading on Thursday, reaching GBX 611.00. The company had a trading volume of 456,586 shares. Lancashire Holdings Limited has a 12 month low of GBX 608.00 and a 12 month high of GBX 775.00. The firm’s 50 day moving average is GBX 704.38 and its 200-day moving average is GBX 695.93. The company’s market capitalization is GBX 1.22 billion.
Lancashire Holdings Limited (LON:LRE) last issued its earnings results on Wednesday, July 26th. The company reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. Lancashire Holdings Limited had a return on equity of 12.36% and a net margin of 33.87%. On average, equities analysts expect that Lancashire Holdings Limited will post $0.60 earnings per share for the current year.
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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