Analysts Set Lancashire Holdings Limited (LON:LRE) Price Target at $653.58
Lancashire Holdings Limited (LON:LRE) has been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 653.58 ($8.53).
A number of research analysts recently commented on LRE shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 565 ($7.38) target price on shares of Lancashire Holdings Limited in a research report on Thursday, July 28th. Peel Hunt raised their price objective on shares of Lancashire Holdings Limited from GBX 585 ($7.64) to GBX 590 ($7.70) and gave the stock a “hold” rating in a research report on Tuesday, August 2nd. HSBC raised their price objective on shares of Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the stock a “buy” rating in a research report on Wednesday, June 29th. Royal Bank Of Canada raised shares of Lancashire Holdings Limited to a “sector performer” rating and raised their price objective for the stock from GBX 500 ($6.53) to GBX 625 ($8.16) in a research report on Thursday, September 1st. Finally, Barclays PLC reissued an “underweight” rating on shares of Lancashire Holdings Limited in a research report on Monday, August 1st.
In related news, insider Maloney ,Alex sold 60,614 shares of the firm’s stock in a transaction dated 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).
Lancashire Holdings Limited (LON:LRE) opened at 695.00 on Tuesday. Lancashire Holdings Limited has a 52-week low of GBX 467.00 and a 52-week high of GBX 772.90. The company’s 50-day moving average is GBX 659.57 and its 200-day moving average is GBX 592.22. The firm’s market capitalization is GBX 1.38 billion.
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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