Peel Hunt Reaffirms “Add” Rating for Lancashire Holdings Limited (LRE)
Several other research firms have also commented on LRE. J P Morgan Chase & Co lifted their price target on shares of Lancashire Holdings Limited from GBX 595 ($7.72) to GBX 625 ($8.11) and gave the company an underweight rating in a research report on Tuesday, August 1st. Credit Suisse Group assumed coverage on Lancashire Holdings Limited in a research report on Tuesday, July 18th. They issued an underperform rating and a GBX 610 ($7.92) target price on the stock. Numis Securities Ltd reissued a hold rating and issued a GBX 775 ($10.06) target price on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. Shore Capital reissued a buy rating on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. Finally, Stockdale Securities reissued a neutral rating on shares of Lancashire Holdings Limited in a research report on Thursday, April 27th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Lancashire Holdings Limited currently has a consensus rating of Hold and an average target price of GBX 650.85 ($8.45).
Lancashire Holdings Limited (LON LRE) opened at 694.50 on Thursday. Lancashire Holdings Limited has a one year low of GBX 625.50 and a one year high of GBX 775.00. The company’s 50 day moving average price is GBX 721.04 and its 200-day moving average price is GBX 697.94. The stock’s market capitalization is GBX 1.39 billion.
COPYRIGHT VIOLATION NOTICE: This story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/27/peel-hunt-reaffirms-add-rating-for-lancashire-holdings-limited-lre.html.
The firm also recently declared a dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 0.52%.
Lancashire Holdings Limited Company Profile
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.
Receive News & Stock Ratings for Lancashire Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire Holdings Limited and related stocks with our FREE daily email newsletter.