Peel Hunt Reaffirms “Hold” Rating for Lancashire Holdings Limited (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reissued by Peel Hunt in a note issued to investors on Monday. They currently have a GBX 590 ($7.70) price objective on the stock. Peel Hunt’s price target points to a potential downside of 12.01% from the company’s current price.
Several other analysts have also issued reports on LRE. JPMorgan Chase & Co. boosted their price target on shares of Lancashire Holdings Limited from GBX 265 ($3.46) to GBX 545 ($7.11) and gave the company a ” neutral” rating in a research report on Friday, July 29th. Barclays PLC reissued an “underweight” rating on shares of Lancashire Holdings Limited in a research report on Monday, August 1st. Citigroup Inc. reissued a “buy” rating and issued a GBX 695 ($9.07) price target on shares of Lancashire Holdings Limited in a research report on Tuesday, September 13th. HSBC boosted their price target on shares of Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the company a “buy” rating in a research report on Wednesday, June 29th. Finally, Royal Bank Of Canada raised shares of Lancashire Holdings Limited to a “sector performer” rating and boosted their price target for the company from GBX 500 ($6.53) to GBX 625 ($8.16) in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Lancashire Holdings Limited currently has a consensus rating of “Hold” and a consensus price target of GBX 645.71 ($8.43).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 678.50 on Monday. The firm’s market cap is GBX 1.35 billion. Lancashire Holdings Limited has a 12 month low of GBX 467.00 and a 12 month high of GBX 772.90. The firm has a 50-day moving average of GBX 650.19 and a 200-day moving average of GBX 588.41.
In other Lancashire Holdings Limited news, insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.48), for a total value of £393,991 ($514,281.43).
About Lancashire Holdings Limited
Lancashire Holdings Limited is a United Kingdom-based company, which is engaged in the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Lloyd’s, Property, Energy, Marine and Aviation. The Company operates as a specialty insurer/reinsurer operating across three platforms: Lancashire, Cathedral and Kinesis.
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