Shares of Lancashire Holdings Limited (LON:LRE) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 677.22 ($9.02).
A number of research analysts recently weighed in on LRE shares. Numis Securities raised Lancashire to an “add” rating and set a GBX 775 ($10.32) price objective for the company in a research report on Thursday, February 15th. JPMorgan Chase & Co. reduced their price objective on Lancashire from GBX 725 ($9.65) to GBX 650 ($8.65) and set a “neutral” rating for the company in a research report on Monday, February 19th. Peel Hunt reaffirmed an “add” rating on shares of Lancashire in a research report on Monday, June 4th. Citigroup reduced their target price on Lancashire from GBX 635 ($8.45) to GBX 620 ($8.25) and set a “neutral” rating for the company in a report on Wednesday, April 25th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a GBX 580 ($7.72) target price on shares of Lancashire in a report on Friday, May 4th.
Lancashire traded up GBX 4 ($0.05), reaching GBX 575.50 ($7.66), on Thursday, Marketbeat.com reports. 688,292 shares of the company traded hands, compared to its average volume of 1,020,000. Lancashire has a one year low of GBX 542.50 ($7.22) and a one year high of GBX 773.50 ($10.30).
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and a range of coverages in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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