Lancashire Holdings Limited (LRE) Upgraded at Canaccord Genuity

Lancashire Holdings Limited (LON:LRE) was upgraded by research analysts at Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Tuesday, April 18th. The brokerage presently has a GBX 630 ($8.13) price target on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 6.74% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Peel Hunt restated an “add” rating and issued a GBX 710 ($9.16) price target on shares of Lancashire Holdings Limited in a report on Thursday, March 30th. Shore Capital reiterated a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, February 16th. Numis Securities Ltd lowered shares of Lancashire Holdings Limited to a “hold” rating and boosted their price objective for the stock from GBX 720 ($9.29) to GBX 735 ($9.49) in a research note on Monday, January 9th. Stockdale Securities restated a “neutral” rating and set a GBX 670 ($8.65) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, January 17th. Finally, Macquarie upped their price objective on shares of Lancashire Holdings Limited from GBX 489 ($6.31) to GBX 530 ($6.84) and gave the company an “underperform” rating in a report on Monday, February 20th. Three 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. Lancashire Holdings Limited presently has an average rating of “Hold” and a consensus price target of GBX 665.18 ($8.59).

Analyst Recommendations for Lancashire Holdings Limited (LON:LRE)

Shares of Lancashire Holdings Limited (LON:LRE) remained flat at GBX 675.50 during mid-day trading on Tuesday. 259,201 shares of the stock traded hands. The firm’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 775.00. The company’s 50-day moving average price is GBX 676.67 and its 200-day moving average price is GBX 684.41.

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In other news, insider Alex Maloney sold 59,539 shares of Lancashire Holdings Limited stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of GBX 672 ($8.67), for a total value of £400,102.08 ($516,460.67). Also, insider Elaine Whelan sold 4,723 shares of Lancashire Holdings Limited stock in a transaction on Monday, February 27th. The shares were sold at an average price of GBX 690 ($8.91), for a total transaction of £32,588.70 ($42,066.22).

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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