Citigroup Inc. reissued their buy rating on shares of Lancashire Holdings Limited (LON:LRE) in a research note released on Tuesday morning. The firm currently has a GBX 695 ($9.26) target price on the stock.
LRE has been the subject of a number of other research reports. Canaccord Genuity lifted their price objective on shares of Lancashire Holdings Limited from GBX 550 ($7.33) to GBX 600 ($7.99) and gave the company a hold rating in a report on Thursday, July 28th. Barclays PLC lifted their price objective on shares of Lancashire Holdings Limited from GBX 419 ($5.58) to GBX 529 ($7.05) and gave the company an underweight rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 565 ($7.53) price objective on shares of Lancashire Holdings Limited in a report on Wednesday, July 20th. Morgan Stanley lifted their price objective on shares of Lancashire Holdings Limited from GBX 593 ($7.90) to GBX 666 ($8.87) and gave the company an equal weight rating in a report on Thursday, August 4th. Finally, Shore Capital reiterated a buy rating on shares of Lancashire Holdings Limited in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 645.71 ($8.60).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 675.00 on Tuesday. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 772.90. The stock’s market cap is GBX 1.34 billion. The stock’s 50 day moving average is GBX 630.18 and its 200-day moving average is GBX 579.08.
In other Lancashire Holdings Limited news, insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.66), for a total transaction of £393,991 ($524,761.59).
About Lancashire Holdings Limited
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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