Lancashire Holdings Limited (LON:LRE) has been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 689.54 ($9.28).

Several research analysts have recently commented on the stock. raised shares of Lancashire to a “buy” rating and raised their target price for the stock from GBX 683 ($9.19) to GBX 863 ($11.62) in a report on Monday, November 6th. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Lancashire in a report on Tuesday, November 28th. J P Morgan Chase & Co reaffirmed an “underweight” rating on shares of Lancashire in a report on Thursday, November 16th. Morgan Stanley raised their target price on shares of Lancashire from GBX 630 ($8.48) to GBX 716 ($9.64) and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Finally, HSBC reaffirmed a “buy” rating and set a GBX 863 ($11.62) target price on shares of Lancashire in a report on Thursday, November 23rd.

Lancashire (LON LRE) traded up GBX 8 ($0.11) during trading on Thursday, reaching GBX 678 ($9.13). 273,282 shares of the company’s stock traded hands, compared to its average volume of 572,156. Lancashire has a 52-week low of GBX 608 ($8.18) and a 52-week high of GBX 773.50 ($10.41).

In related news, insider Peter Clarke bought 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of GBX 746 ($10.04) per share, for a total transaction of £223,800 ($301,211.31).

TRADEMARK VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/21/lancashire-holdings-limited-lre-receives-consensus-recommendation-of-hold-from-analysts.html.

About Lancashire

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.

Analyst Recommendations for Lancashire (LON:LRE)

Receive News & Stock Ratings for Lancashire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire and related stocks with our FREE daily email newsletter.