Brokerages Set Lancashire Holdings Limited (LRE) PT at $692.62
Lancashire Holdings Limited (LON:LRE) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 696.17 ($9.32).
A number of brokerages have issued reports on LRE. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 625 ($8.37) price target on shares of Lancashire in a research report on Tuesday, October 10th. Peel Hunt reiterated an “add” rating and set a GBX 690 ($9.24) price target on shares of Lancashire in a research report on Monday, October 9th. Numis Securities reiterated a “hold” rating and set a GBX 775 ($10.38) price target on shares of Lancashire in a research report on Thursday, November 2nd. Finally, Barclays reiterated an “underweight” rating and set a GBX 631 ($8.45) price target on shares of Lancashire in a research report on Tuesday, September 19th.
In related news, insider Peter Clarke acquired 30,000 shares of Lancashire stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average price of GBX 746 ($9.99) per share, for a total transaction of £223,800 ($299,718.76).
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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