Lancashire Holdings Limited (LRE) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Lancashire Holdings Limited (LON:LRE) in a research report sent to investors on Tuesday, July 25th, Marketbeat.com reports. The brokerage issued an equal weight rating and a GBX 630 ($8.18) price objective on the stock.

Several other research analysts have also recently weighed in on the company. Canaccord Genuity upgraded Lancashire Holdings Limited to a hold rating and set a GBX 630 ($8.18) price target for the company in a research note on Tuesday, April 18th. Peel Hunt restated an add rating and issued a GBX 725 ($9.41) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, May 16th. J P Morgan Chase & Co restated an underweight rating and issued a GBX 595 ($7.72) price target on shares of Lancashire Holdings Limited in a research note on Friday, May 5th. Macquarie reaffirmed an underperform rating and issued a GBX 530 ($6.88) price objective on shares of Lancashire Holdings Limited in a report on Tuesday, April 4th. Finally, HSBC Holdings plc reaffirmed a hold rating and issued a GBX 680 ($8.83) price objective on shares of Lancashire Holdings Limited in a report on Tuesday, June 13th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Lancashire Holdings Limited has a consensus rating of Hold and a consensus price target of GBX 650.85 ($8.45).

Lancashire Holdings Limited (LON LRE) traded down 0.78% during midday trading on Tuesday, hitting GBX 701.50. 158,299 shares of the stock traded hands. The firm’s 50 day moving average is GBX 721.86 and its 200-day moving average is GBX 696.82. Lancashire Holdings Limited has a 12-month low of GBX 604.00 and a 12-month high of GBX 775.00. The stock’s market capitalization is GBX 1.40 billion.

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The firm also recently disclosed a dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Thursday, August 10th will be paid a $0.05 dividend. This represents a dividend yield of 0.52%. The ex-dividend date is Thursday, August 10th.

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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