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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/17/lancashire-holdings-limiteds-lre-hold-rating-reiterated-at-peel-hunt.html
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.
Receive News & Ratings for Lancashire Holdings Limited Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lancashire Holdings Limited and related companies with MarketBeat.com’s FREE daily email newsletter.