Lancashire Holdings Limited (LRE) Earns “Add” Rating from Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating reaffirmed by research analysts at Peel Hunt in a research report issued on Wednesday. They currently have a GBX 760 ($9.83) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 13.43% from the company’s previous close.
Other research analysts have also issued research reports about the company. HSBC Holdings plc reissued a “hold” rating and set a GBX 680 ($8.79) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, June 13th. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. J P Morgan Chase & Co increased their price target on Lancashire Holdings Limited from GBX 595 ($7.70) to GBX 625 ($8.08) and gave the stock an “underweight” rating in a research note on Tuesday, August 1st. Numis Securities Ltd reissued a “hold” rating and set a GBX 775 ($10.02) price target on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Finally, Credit Suisse Group began coverage on Lancashire Holdings Limited in a research note on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($7.89) price target on the stock. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Lancashire Holdings Limited has a consensus rating of “Hold” and a consensus target price of GBX 650.85 ($8.42).
Lancashire Holdings Limited (LRE) opened at 670.00 on Wednesday. Lancashire Holdings Limited has a 52-week low of GBX 619.50 and a 52-week high of GBX 775.00. The company’s market cap is GBX 1.34 billion. The stock’s 50 day moving average price is GBX 721.04 and its 200 day moving average price is GBX 697.94.
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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.
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