Lancashire Holdings Limited’s (LRE) “Hold” Rating Reaffirmed at Peel Hunt
A number of other brokerages have also recently weighed in on LRE. Barclays PLC reissued an underweight rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. Shore Capital restated a buy rating on shares of Lancashire Holdings Limited in a research report on Wednesday, October 5th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 545 ($6.75) price objective on shares of Lancashire Holdings Limited in a research report on Monday, September 12th. Stockdale Securities lowered Lancashire Holdings Limited to a neutral rating and set a GBX 670 ($8.29) price objective for the company. in a research report on Wednesday, September 14th. Finally, HSBC raised their price objective on Lancashire Holdings Limited from GBX 680 ($8.42) to GBX 730 ($9.03) and gave the stock a buy rating in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 645.71 ($7.99).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 695.00 on Monday. 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 664.99 and a 200 day moving average of GBX 594.69. The firm’s market cap is GBX 1.38 billion.
In other news, insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.04), for a total transaction of £393,991 ($487,612.62).
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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