Lancashire Holdings Limited (LRE) Given “Underweight” Rating at J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their underweight rating on shares of Lancashire Holdings Limited (LON:LRE) in a report released on Tuesday. They currently have a GBX 625 ($8.07) price objective on the stock.
LRE has been the topic of a number of other research reports. Peel Hunt restated an add rating and set a GBX 760 ($9.82) price target on shares of Lancashire Holdings Limited in a research report on Thursday, September 7th. Morgan Stanley started coverage on Lancashire Holdings Limited in a research report on Tuesday, July 25th. They set an equal weight rating and a GBX 630 ($8.14) price target on the stock. Credit Suisse Group started coverage on Lancashire Holdings Limited in a research report on Tuesday, July 18th. They set an underperform rating and a GBX 610 ($7.88) price target on the stock. Numis Securities Ltd restated a hold rating and set a GBX 775 ($10.01) price target on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. Finally, Shore Capital restated a buy rating on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 647.17 ($8.36).
Shares of Lancashire Holdings Limited (LRE) opened at 653.50 on Tuesday. The company’s market cap is GBX 1.31 billion. Lancashire Holdings Limited has a 12 month low of GBX 625.50 and a 12 month high of GBX 775.00. The company’s 50-day moving average price is GBX 695.97 and its 200-day moving average price is GBX 694.68.
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The firm also recently announced a dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was 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.
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