HSBC Reaffirms “Hold” Rating for Lancashire Holdings Limited (LRE)
A number of other equities research analysts have also weighed in on LRE. Morgan Stanley raised their price objective on Lancashire Holdings Limited from GBX 593 ($7.35) to GBX 666 ($8.25) and gave the company an equal weight rating in a research note on Thursday, August 4th. Stockdale Securities lowered Lancashire Holdings Limited to a neutral rating and set a GBX 670 ($8.30) price objective for the company. in a research note on Wednesday, September 14th. Peel Hunt raised their price objective on Lancashire Holdings Limited from GBX 590 ($7.31) to GBX 640 ($7.93) and gave the company a hold rating in a research note on Wednesday, November 2nd. Barclays PLC restated an underweight rating and set a GBX 660 ($8.18) price objective on shares of Lancashire Holdings Limited in a research note on Monday, October 31st. Finally, Citigroup Inc. restated a buy rating and set a GBX 695 ($8.61) price objective on shares of Lancashire Holdings Limited in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 650.85 ($8.06).
Lancashire Holdings Limited (LON:LRE) opened at 730.00 on Tuesday. Lancashire Holdings Limited has a one year low of GBX 467.00 and a one year high of GBX 775.00. The firm’s market cap is GBX 1.45 billion. The company’s 50-day moving average price is GBX 704.47 and its 200-day moving average price is GBX 621.49.
The business also recently announced a dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, November 17th will be issued a GBX 0.75 ($0.01) dividend. This represents a dividend yield of 7.94%. The ex-dividend date is Thursday, November 17th.
In related news, insider Maloney ,Alex sold 60,614 shares of Lancashire Holdings Limited stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.05), for a total value of £393,991 ($488,035.43).
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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