Peel Hunt Reaffirms Add Rating for Lancashire Holdings Limited (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating restated by analysts at Peel Hunt in a note issued to investors on Thursday. They currently have a GBX 760 ($9.82) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 17.65% from the company’s previous close.
Several other brokerages also recently weighed in on LRE. J P Morgan Chase & Co lifted their price target on shares of Lancashire Holdings Limited from GBX 595 ($7.68) to GBX 625 ($8.07) and gave the company an “underweight” rating in a report on Tuesday, August 1st. Credit Suisse Group initiated coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($7.88) price target on the stock. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 775 ($10.01) price target on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Shore Capital reaffirmed a “buy” rating on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 680 ($8.78) price target on shares of Lancashire Holdings Limited in a report on Tuesday, June 13th. Five research 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 has a consensus rating of “Hold” and a consensus target price of GBX 650.85 ($8.41).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 638.50 on Thursday. The firm’s 50 day moving average is GBX 709.35 and its 200-day moving average is GBX 696.91. The company’s market cap is GBX 1.28 billion. Lancashire Holdings Limited has a 1-year low of GBX 625.50 and a 1-year high of GBX 775.00.
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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