Lancashire Holdings Limited (LRE) Receives Consensus Rating of “Hold” from Brokerages
Shares of Lancashire Holdings Limited (LON:LRE) have received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 689.54 ($9.35).
Several analysts have recently weighed in on LRE shares. Peel Hunt restated an “add” rating and set a GBX 690 ($9.36) target price on shares of Lancashire in a research note on Thursday, November 2nd. Stockdale Securities restated an “add” rating and set a GBX 800 ($10.85) target price on shares of Lancashire in a research note on Monday, November 6th. Shore Capital Group restated a “buy” rating on shares of Lancashire in a research note on Thursday, November 2nd. Shore Capital restated a “buy” rating on shares of Lancashire in a research note on Monday, October 9th. Finally, upgraded Lancashire to a “buy” rating and raised their target price for the company from GBX 683 ($9.26) to GBX 863 ($11.70) in a research note on Monday, November 6th.
In other Lancashire 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 ($10.12) per share, with a total value of £223,800 ($303,498.78).
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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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