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

Lancashire Holdings Limited (LON:LRE)‘s stock had its “hold” rating reissued by equities researchers at Peel Hunt in a research report issued on Monday. They presently have a GBX 630 ($7.82) target price on the stock. Peel Hunt’s target price indicates a potential downside of 2.78% from the company’s previous close.

LRE has been the topic of a number of other reports. Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a report on Wednesday, October 5th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 660 ($8.19) target price on shares of Lancashire Holdings Limited in a research report on Monday, October 31st. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 695 ($8.62) target price on shares of Lancashire Holdings Limited in a research report on Tuesday, September 13th. JPMorgan Chase & Co. raised their target price on shares of Lancashire Holdings Limited from GBX 545 ($6.76) to GBX 595 ($7.38) and gave the company a “neutral” rating in a research report on Wednesday, November 2nd. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 720 ($8.93) target price on shares of Lancashire Holdings Limited in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 650.08 ($8.06).

Analyst Recommendations for Lancashire Holdings Limited (LON:LRE)

Lancashire Holdings Limited (LON:LRE) opened at 647.00 on Monday. Lancashire Holdings Limited has a 12 month low of GBX 467.00 and a 12 month high of GBX 775.00. The stock’s 50 day moving average is GBX 698.69 and its 200-day moving average is GBX 631.67. The firm’s market cap is GBX 1.29 billion.

The business also recently announced a dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, November 17th will be issued a dividend of GBX 0.75 ($0.01) per share. This represents a dividend yield of 7.94%. The ex-dividend date is Thursday, November 17th.

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In related news, insider Maloney ,Alex sold 60,614 shares of Lancashire Holdings Limited stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.06), for a total transaction of £393,991 ($488,761.94).

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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