Lancashire Holdings Limited (LRE) Receives Average Rating of “Hold” from Brokerages
Lancashire Holdings Limited (LON:LRE) has been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 689.54 ($9.35).
LRE has been the topic of a number of research reports. Barclays restated an “underweight” rating and issued a GBX 631 ($8.56) price target on shares of Lancashire in a report on Tuesday, September 19th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 625 ($8.48) price target on shares of Lancashire in a report on Wednesday, September 27th. Peel Hunt lowered their price target on Lancashire from GBX 760 ($10.31) to GBX 690 ($9.36) and set an “add” rating on the stock in a report on Friday, September 29th. Shore Capital restated a “buy” rating on shares of Lancashire in a report on Monday, October 9th. Finally, Citigroup restated a “neutral” rating and issued a GBX 635 ($8.61) price target on shares of Lancashire in a report on Thursday, October 26th.
In other Lancashire news, insider Peter Clarke purchased 30,000 shares of Lancashire stock in a transaction on Thursday, November 2nd. The shares were bought at an average price of GBX 746 ($10.12) per share, with a total value of £223,800 ($303,498.78).
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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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