Lancashire Holdings Limited’s (LRE) Add Rating Reiterated at Peel Hunt
Peel Hunt reiterated their add rating on shares of Lancashire Holdings Limited (LON:LRE) in a research report sent to investors on Monday. They currently have a GBX 690 ($9.07) price objective on the stock.
A number of other research firms have also commented on LRE. Credit Suisse Group assumed coverage on shares of Lancashire Holdings Limited in a research report on Tuesday, July 18th. They set an underperform rating and a GBX 610 ($8.02) price target on the stock. Shore Capital reaffirmed a buy rating on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. Numis Securities Ltd reaffirmed a hold rating and set a GBX 775 ($10.19) price target on shares of Lancashire Holdings Limited in a research report on Thursday, July 27th. J P Morgan Chase & Co raised their price target on shares of Lancashire Holdings Limited from GBX 595 ($7.82) to GBX 625 ($8.22) and gave the stock an underweight rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley initiated coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 25th. They issued an equal weight rating and a GBX 630 ($8.28) target price on the stock. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Lancashire Holdings Limited has a consensus rating of Hold and an average price target of GBX 639.67 ($8.41).
Shares of Lancashire Holdings Limited (LON LRE) opened at 676.00 on Monday. The stock’s 50 day moving average is GBX 661.26 and its 200 day moving average is GBX 687.86. The firm’s market capitalization is GBX 1.35 billion. Lancashire Holdings Limited has a 12 month low of GBX 608.00 and a 12 month 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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