Lancashire Holdings Limited’s (LRE) “Add” Rating Reaffirmed at Stockdale Securities
Stockdale Securities reissued their add rating on shares of Lancashire Holdings Limited (LON:LRE) in a research report report published on Monday. They currently have a GBX 800 ($10.52) price target on the stock.
A number of other brokerages also recently commented on LRE. Shore Capital reissued a buy rating on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. Peel Hunt boosted their price objective on Lancashire Holdings Limited from GBX 725 ($9.54) to GBX 760 ($10.00) and gave the stock an add rating in a research report on Tuesday, July 25th. Numis Securities Ltd reissued a hold rating and set a GBX 775 ($10.19) price objective on shares of Lancashire Holdings Limited in a research report on Thursday, November 2nd. HSBC Holdings plc raised Lancashire Holdings Limited to a buy rating and boosted their price objective for the stock from GBX 683 ($8.98) to GBX 863 ($11.35) in a research report on Monday. Finally, Credit Suisse Group initiated coverage on Lancashire Holdings Limited in a research report on Tuesday, July 18th. They set an underperform rating and a GBX 610 ($8.02) price objective for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 672.69 ($8.85).
Lancashire Holdings Limited (LON:LRE) traded down GBX 8.50 ($0.11) during midday trading on Monday, reaching GBX 731.50 ($9.62). The company’s stock had a trading volume of 497,850 shares, compared to its average volume of 560,110. Lancashire Holdings Limited has a 52 week low of GBX 608 ($8.00) and a 52 week high of GBX 773.50 ($10.17).
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In other Lancashire Holdings Limited news, insider Peter Clarke bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average price of GBX 746 ($9.81) per share, for a total transaction of £223,800 ($294,357.49).
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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