Lancashire Holdings Limited (LRE) Stock Rating Reaffirmed by Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reissued by Peel Hunt in a report issued on Monday. They currently have a GBX 590 ($7.30) price target on the stock. Peel Hunt’s target price points to a potential downside of 15.11% from the stock’s previous close.
Several other analysts have also weighed in on the company. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a report on Wednesday, October 5th. Stockdale Securities lowered Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.29) target price on the stock. in a report on Wednesday, September 14th. Citigroup Inc. reissued a “buy” rating and issued a GBX 695 ($8.60) target price on shares of Lancashire Holdings Limited in a report on Tuesday, September 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 545 ($6.75) price objective on shares of Lancashire Holdings Limited in a research note on Monday, September 12th. Finally, Royal Bank Of Canada raised Lancashire Holdings Limited to a “sector performer” rating and increased their price objective for the company from GBX 500 ($6.19) to GBX 625 ($7.74) in a research note on Thursday, September 1st. 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 company’s stock. Lancashire Holdings Limited currently has an average rating of “Hold” and an average price target of GBX 645.71 ($7.99).
Lancashire Holdings Limited (LON:LRE) opened at 689.50 on Monday. The firm’s market capitalization is GBX 1.37 billion. The firm has a 50-day moving average price of GBX 666.71 and a 200 day moving average price of GBX 595.55. Lancashire Holdings Limited has a 52-week low of GBX 467.00 and a 52-week high of GBX 772.90.
In related news, insider Maloney ,Alex sold 60,614 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.04), for a total transaction of £393,991 ($487,612.62).
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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