Peel Hunt Reiterates “Hold” Rating for Lancashire Holdings Limited (LRE)
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 590 ($7.70) target price on the stock. Peel Hunt’s price target would indicate a potential downside of 16.01% from the company’s current price.
A number of other brokerages have also weighed in on LRE. Stockdale Securities lowered Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.75) price objective on the stock. in a research report on Wednesday, September 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 545 ($7.11) price objective on shares of Lancashire Holdings Limited in a research report on Monday, September 12th. Citigroup Inc. restated a “buy” rating and set a GBX 695 ($9.07) price objective on shares of Lancashire Holdings Limited in a research report on Tuesday, September 13th. Royal Bank Of Canada upgraded Lancashire Holdings Limited to a “sector performer” rating and boosted their price objective for the stock from GBX 500 ($6.53) to GBX 625 ($8.16) in a research report on Thursday, September 1st. Finally, Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Lancashire Holdings Limited has a consensus rating of “Hold” and a consensus target price of GBX 645.71 ($8.43).
Lancashire Holdings Limited (LON:LRE) opened at 702.50 on Monday. Lancashire Holdings Limited has a 52 week low of GBX 467.00 and a 52 week high of GBX 772.90. The firm’s market cap is GBX 1.40 billion. The stock’s 50 day moving average price is GBX 654.85 and its 200 day moving average price is GBX 590.48.
In other news, insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.48), for a total value of £393,991 ($514,281.43).
Lancashire Holdings Limited Company Profile
Lancashire Holdings Limited is a United Kingdom-based company, which is engaged in the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Lloyd’s, Property, Energy, Marine and Aviation. The Company operates as a specialty insurer/reinsurer operating across three platforms: Lancashire, Cathedral and Kinesis.
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