Lancashire Holdings Limited (LRE) Receives “Buy” Rating from Shore Capital
Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Lancashire Holdings Limited from GBX 265 ($3.46) to GBX 545 ($7.11) and gave the company a neutral rating in a research note on Friday, July 29th. Numis Securities Ltd downgraded Lancashire Holdings Limited to an add rating and boosted their price target for the company from GBX 675 ($8.81) to GBX 720 ($9.40) in a research note on Wednesday, July 27th. HSBC boosted their price target on Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the company a buy rating in a research note on Wednesday, June 29th. Citigroup Inc. reaffirmed a buy rating and issued a GBX 695 ($9.07) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, September 13th. Finally, Morgan Stanley boosted their price target on Lancashire Holdings Limited from GBX 593 ($7.74) to GBX 666 ($8.69) and gave the company an equal weight rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 645.71 ($8.43).
Shares of Lancashire Holdings Limited (LON:LRE) traded down 1.00% during mid-day trading on Wednesday, hitting GBX 695.00. 141,944 shares of the stock were exchanged. 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 price of GBX 657.24 and a 200 day moving average price of GBX 591.49. The company’s market capitalization is GBX 1.38 billion.
In related news, insider Maloney ,Alex sold 60,614 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.48), for a total transaction of £393,991 ($514,281.43).
Lancashire Holdings Limited Company Profile
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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