Lancashire Holdings Limited’s (LRE) Buy Rating Reiterated at Shore Capital
LRE has been the subject of several other research reports. Peel Hunt reissued a hold rating and set a GBX 550 ($7.18) price target on shares of Lancashire Holdings Limited in a research report on Monday, July 4th. Citigroup Inc. reissued a buy rating and set a GBX 695 ($9.07) price target on shares of Lancashire Holdings Limited in a research report on Tuesday, September 13th. JPMorgan Chase & Co. increased their price target on shares of Lancashire Holdings Limited from GBX 265 ($3.46) to GBX 545 ($7.11) and gave the company a neutral rating in a research report on Friday, July 29th. Barclays PLC reissued an underweight rating on shares of Lancashire Holdings Limited in a research report on Monday, August 1st. Finally, HSBC increased their price target on shares of Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the company a buy rating in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 645.71 ($8.43).
Lancashire Holdings Limited (LON:LRE) opened at 691.50 on Wednesday. The stock’s market capitalization is GBX 1.37 billion. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 772.90. The company’s 50-day moving average is GBX 661.14 and its 200 day moving average is GBX 593.18.
In related news, insider Maloney ,Alex sold 60,614 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.48), for a total transaction of £393,991 ($514,281.43).
About Lancashire Holdings Limited
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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