Lancashire Holdings Limited (LRE) Receives Underweight Rating from J P Morgan Chase & Co
J P Morgan Chase & Co restated their underweight rating on shares of Lancashire Holdings Limited (LON:LRE) in a report released on Wednesday. They currently have a GBX 625 ($8.41) price target on the stock.
LRE has been the subject of a number of other reports. Peel Hunt reaffirmed an add rating and issued a GBX 760 ($10.22) target price on shares of Lancashire Holdings Limited in a report on Thursday, September 7th. Morgan Stanley began coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 25th. They issued an equal weight rating and a GBX 630 ($8.47) target price for the company. Barclays PLC reaffirmed an underweight rating and issued a GBX 631 ($8.49) target price on shares of Lancashire Holdings Limited in a report on Tuesday, September 19th. HSBC Holdings plc reaffirmed a hold rating and issued a GBX 680 ($9.14) target price on shares of Lancashire Holdings Limited in a report on Tuesday, June 13th. Finally, Shore Capital reaffirmed a buy rating on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 639.67 ($8.60).
Shares of Lancashire Holdings Limited (LON LRE) opened at 667.50 on Wednesday. Lancashire Holdings Limited has a 1-year low of GBX 608.00 and a 1-year high of GBX 775.00. The stock’s market capitalization is GBX 1.33 billion. The firm’s 50-day moving average price is GBX 691.27 and its 200 day moving average price is GBX 694.12.
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The firm also recently disclosed a dividend, which was paid on Wednesday, September 6th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, August 10th. This represents a dividend yield of 0.52%.
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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