Lancashire Holdings Limited (LON:LRE) Coverage Initiated at Credit Suisse Group
Equities researchers at Credit Suisse Group initiated coverage on shares of Lancashire Holdings Limited (LON:LRE) in a research report issued on Tuesday. The firm set an “underperform” rating and a GBX 610 ($7.97) price target on the stock. Credit Suisse Group’s price objective indicates a potential downside of 16.95% from the company’s previous close.
A number of other research firms have also recently commented on LRE. Peel Hunt restated an “add” rating and issued a GBX 725 ($9.47) price objective on shares of Lancashire Holdings Limited in a research report on Monday. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 595 ($7.77) price target on shares of Lancashire Holdings Limited in a research report on Friday, May 5th. Canaccord Genuity reiterated a “hold” rating and set a GBX 630 ($8.23) price target on shares of Lancashire Holdings Limited in a research report on Friday, May 5th. Shore Capital reiterated a “buy” rating on shares of Lancashire Holdings Limited in a research report on Thursday, May 4th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 775 ($10.12) price target on shares of Lancashire Holdings Limited in a research report on Thursday, May 4th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 648.62 ($8.47).
Lancashire Holdings Limited (LON:LRE) opened at 734.50 on Tuesday. The company’s market capitalization is GBX 1.46 billion. The stock’s 50 day moving average price is GBX 689.54 and its 200-day moving average price is GBX 686.38. Lancashire Holdings Limited has a 52-week low of GBX 581.43 and a 52-week high of GBX 775.00.
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About Lancashire Holdings Limited
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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