Lancashire Holdings Limited (LRE) Receives Consensus Recommendation of “Hold” from Analysts
Lancashire Holdings Limited (LON:LRE) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 636.91 ($8.45).
A number of brokerages have weighed in on LRE. Peel Hunt reduced their price objective on Lancashire Holdings Limited from GBX 760 ($10.08) to GBX 690 ($9.15) and set an “add” rating for the company in a research note on Friday, September 29th. J P Morgan Chase & Co upped their price target on Lancashire Holdings Limited from GBX 595 ($7.89) to GBX 625 ($8.29) and gave the stock an “underweight” rating in a research note on Tuesday, August 1st. 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 ($8.36) price target for the company. Barclays PLC restated an “underweight” rating and set a GBX 631 ($8.37) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, September 19th. Finally, Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th.
Shares of Lancashire Holdings Limited (LON:LRE) traded up 1.15% during midday trading on Friday, hitting GBX 662.50. 177,505 shares of the stock were exchanged. The company’s market cap is GBX 1.32 billion. The firm has a 50 day moving average of GBX 663.99 and a 200-day moving average of GBX 688.65. Lancashire Holdings Limited has a one year low of GBX 608.00 and a one year high of GBX 775.00.
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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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