Lancashire Holdings Limited (LRE) Receives Consensus Recommendation of “Hold” from Analysts
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).
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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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