Published On: Sun, Sep 18th, 2016

Lancashire Holdings Limited (LRE) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Lancashire Holdings Limited (LON:LRE)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued on Monday. They currently have a GBX 545 ($7.26) price objective on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 19.73% from the company’s current price.
Several other research firms have also weighed in on LRE. Royal Bank Of Canada raised shares of Lancashire Holdings Limited to a “sector performer” rating and lifted their target price for the company from GBX 500 ($6.66) to GBX 625 ($8.32) in a report on Thursday, September 1st. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Wednesday, July 27th. Peel Hunt reissued a “hold” rating and issued a GBX 585 ($7.79) price target on shares of Lancashire Holdings Limited in a research note on Wednesday, July 27th. Numis Securities Ltd cut shares of Lancashire Holdings Limited to an “add” rating and lifted their price target for the company from GBX 675 ($8.99) to GBX 720 ($9.59) in a research note on Wednesday, July 27th. Finally, Barclays PLC dropped their price target on shares of Lancashire Holdings Limited from GBX 529 ($7.05) to GBX 527 ($7.02) and set an “underweight” rating on the stock in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Lancashire Holdings Limited presently has an average rating of “Hold” and an average price target of GBX 645.71 ($8.60).
Shares of Lancashire Holdings Limited (LON:LRE) traded up 1.65% during midday trading on Monday, hitting GBX 679.00. 715,696 shares of the stock traded hands. The company’s 50 day moving average price is GBX 630.18 and its 200-day moving average price is GBX 579.08. The stock’s market cap is GBX 1.35 billion. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 772.90.

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In related news, insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.66), for a total value of £393,991 ($524,761.59).
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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