Lancashire Holdings Limited (LRE) Given “Hold” Rating at HSBC
Several other research firms have also weighed in on LRE. Barclays PLC reaffirmed an underweight rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. Shore Capital reaffirmed a buy rating on shares of Lancashire Holdings Limited in a research note on Wednesday, October 5th. JPMorgan Chase & Co. raised their price objective on Lancashire Holdings Limited from GBX 545 ($6.81) to GBX 595 ($7.43) and gave the company a neutral rating in a research note on Wednesday, November 2nd. Stockdale Securities lowered Lancashire Holdings Limited to a neutral rating and set a GBX 670 ($8.37) price objective on the stock. in a research note on Wednesday, September 14th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 590 ($7.37) target price on shares of Lancashire Holdings Limited in a research report on Monday, October 3rd. 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. Lancashire Holdings Limited presently has a consensus rating of Hold and a consensus price target of GBX 650.08 ($8.12).
Shares of Lancashire Holdings Limited (LON:LRE) traded down 0.70% during trading on Friday, hitting GBX 635.50. The company had a trading volume of 150,792 shares. The stock has a 50-day moving average of GBX 706.65 and a 200 day moving average of GBX 627.16. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 775.00. The stock’s market capitalization is GBX 1.26 billion.
The business also recently announced a dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, November 17th will be given a dividend of GBX 0.75 ($0.01) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 7.94%.
In related news, insider Maloney ,Alex sold 60,614 shares of Lancashire Holdings Limited stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.12), for a total transaction of £393,991 ($492,242.63).
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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