Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating reiterated by Peel Hunt in a report issued on Tuesday, May 16th. They currently have a GBX 725 ($9.17) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 5.84% from the stock’s current price.
Several other equities research analysts have also recently commented on the stock. Canaccord Genuity reiterated a “hold” rating and set a GBX 630 ($7.97) price target on shares of Lancashire Holdings Limited in a research report on Friday, May 5th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 595 ($7.53) price objective on shares of Lancashire Holdings Limited in a report on Friday, May 5th. Numis Securities Ltd restated a “hold” rating and set a GBX 775 ($9.80) price objective on shares of Lancashire Holdings Limited in a report on Thursday, May 4th. Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a report on Thursday, May 4th. Finally, Stockdale Securities restated a “neutral” rating on shares of Lancashire Holdings Limited in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 660.64 ($8.36).
Shares of Lancashire Holdings Limited (LON LRE) traded up 0.587372% on Tuesday, hitting GBX 689.618958. The company had a trading volume of 973,607 shares. The company has a 50-day moving average of GBX 683.86 and a 200 day moving average of GBX 683.42. The stock’s market cap is GBX 1.38 billion. Lancashire Holdings Limited has a 12 month low of GBX 467.00 and a 12 month high of GBX 775.00.
In related news, insider Alex Maloney sold 59,539 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of GBX 672 ($8.50), for a total value of £400,102.08 ($506,137.99).
Lancashire Holdings Limited Company Profile
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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