Lancashire Holdings Limited (LRE) Price Target Cut to GBX 630 by Analysts at Peel Hunt
Lancashire Holdings Limited (LON:LRE) had its price objective decreased by Peel Hunt from GBX 640 ($8.00) to GBX 630 ($7.87) in a report released on Thursday. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s target price suggests a potential downside of 10.38% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Canaccord Genuity upped their price target on Lancashire Holdings Limited from GBX 550 ($6.87) to GBX 600 ($7.50) and gave the company a “hold” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 565 ($7.06) price target on shares of Lancashire Holdings Limited in a research note on Wednesday, July 20th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 660 ($8.25) price target on shares of Lancashire Holdings Limited in a research note on Monday, October 31st. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 720 ($9.00) price target on shares of Lancashire Holdings Limited in a research note on Thursday, November 3rd. Finally, Morgan Stanley upped their price target on Lancashire Holdings Limited from GBX 593 ($7.41) to GBX 666 ($8.32) and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Lancashire Holdings Limited has a consensus rating of “Hold” and an average price target of GBX 650.08 ($8.12).
Lancashire Holdings Limited (LON:LRE) opened at 703.00 on Thursday. The firm has a 50-day moving average price of GBX 707.73 and a 200 day moving average price of GBX 626.46. The stock’s market cap is GBX 1.40 billion. Lancashire Holdings Limited has a 1-year low of GBX 467.00 and a 1-year high of GBX 775.00.
The company also recently announced a dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, November 17th will be paid a dividend of GBX 0.75 ($0.01) per share. This represents a yield of 7.94%. The ex-dividend date is Thursday, November 17th.
In other Lancashire Holdings Limited news, insider Maloney ,Alex sold 60,614 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.12), for a total value of £393,991 ($492,242.63).
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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