Lancashire Holdings Limited’s (LRE) Hold Rating Reaffirmed at Numis Securities Ltd
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating restated by stock analysts at Numis Securities Ltd in a research report issued on Thursday, July 27th. They currently have a GBX 775 ($10.06) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 10.16% from the stock’s previous close.
LRE has been the subject of a number of other research reports. Morgan Stanley initiated coverage on Lancashire Holdings Limited in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 630 ($8.18) target price for the company. Canaccord Genuity restated a “hold” rating and issued a GBX 630 ($8.18) target price on shares of Lancashire Holdings Limited in a research note on Friday, May 5th. HSBC Holdings plc reiterated a “hold” rating and set a GBX 680 ($8.83) price objective on shares of Lancashire Holdings Limited in a research note on Tuesday, June 13th. Peel Hunt reissued an “add” rating and issued a GBX 725 ($9.41) target price on shares of Lancashire Holdings Limited in a report on Thursday, May 4th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 595 ($7.72) price objective on shares of Lancashire Holdings Limited in a report on Friday, May 5th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 650.85 ($8.45).
Shares of Lancashire Holdings Limited (LON:LRE) traded up 0.92% during mid-day trading on Thursday, hitting GBX 710.00. 157,149 shares of the stock were exchanged. The company’s market capitalization is GBX 1.42 billion. The firm has a 50-day moving average price of GBX 721.43 and a 200 day moving average price of GBX 696.58. Lancashire Holdings Limited has a 12-month low of GBX 598.00 and a 12-month high of GBX 775.00.
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About Lancashire Holdings Limited
Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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