Analysts Set Lancashire Holdings Limited (LRE) PT at $648.27
Lancashire Holdings Limited (LON:LRE) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 648.27 ($8.03).
Several equities analysts have recently issued reports on LRE shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 565 ($7.00) price objective on shares of Lancashire Holdings Limited in a report on Thursday, July 28th. Peel Hunt restated a “hold” rating and issued a GBX 590 ($7.31) price target on shares of Lancashire Holdings Limited in a research note on Monday, October 3rd. Royal Bank Of Canada upgraded Lancashire Holdings Limited to a “sector performer” rating and lifted their price target for the company from GBX 500 ($6.19) to GBX 625 ($7.74) in a research note on Thursday, September 1st. Barclays PLC restated an “underweight” rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 720 ($8.92) price target on shares of Lancashire Holdings Limited in a research note on Thursday, November 3rd.
In related news, insider Maloney ,Alex sold 60,614 shares of the company’s stock in a transaction that occurred 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).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 728.00 on Wednesday. Lancashire Holdings Limited has a 1-year low of GBX 467.00 and a 1-year high of GBX 775.00. The stock has a 50 day moving average price of GBX 705.38 and a 200 day moving average price of GBX 622.22. The company’s market capitalization is GBX 1.45 billion.
The firm also recently disclosed 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 yield of 7.94%. The ex-dividend date of this dividend is Thursday, November 17th.
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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