Published On: Sat, Sep 17th, 2016

Lancashire Holdings Limited’s (LRE) “Hold” Rating Reiterated at Peel Hunt

Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 590 ($7.86) target price on the stock. Peel Hunt’s target price would indicate a potential downside of 13.11% from the company’s previous close.
A number of other brokerages have also commented on LRE. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 545 ($7.26) price objective on shares of Lancashire Holdings Limited in a report on Monday, September 12th. Royal Bank Of Canada raised Lancashire Holdings Limited to a “sector performer” rating and upped 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 reaffirmed a “buy” rating on shares of Lancashire Holdings Limited in a report on Wednesday, July 27th. Numis Securities Ltd lowered Lancashire Holdings Limited to an “add” rating and upped their target price for the company from GBX 675 ($8.99) to GBX 720 ($9.59) in a report on Wednesday, July 27th. Finally, Barclays PLC reduced their target price on Lancashire Holdings Limited from GBX 529 ($7.05) to GBX 527 ($7.02) and set an “underweight” rating for the company in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 645.71 ($8.60).
Shares of Lancashire Holdings Limited (LON:LRE) traded up 1.65% during trading on Tuesday, reaching GBX 679.00. The company’s stock had a trading volume of 715,696 shares. The stock has a 50-day moving average of GBX 630.18 and a 200-day moving average of GBX 579.08. The stock’s market cap is GBX 1.35 billion. Lancashire Holdings Limited has a 52-week low of GBX 467.00 and a 52-week high of GBX 772.90.

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In other Lancashire Holdings Limited news, insider Maloney ,Alex sold 60,614 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.66), for a total transaction 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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