Lancashire Holdings Limited (LON:LRE) had its target price hoisted by research analysts at J P Morgan Chase & Co from GBX 625 ($8.25) to GBX 690 ($9.11) in a research note issued to investors on Friday. The brokerage currently has an “underweight” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential downside of 4.17% from the company’s previous close.
Several other equities analysts have also weighed in on LRE. Peel Hunt restated an “add” rating and set a GBX 725 ($9.57) target price on shares of Lancashire Holdings Limited in a report on Monday, July 3rd. Credit Suisse Group initiated coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($8.05) target price on the stock. Morgan Stanley initiated coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 630 ($8.31) target price on the stock. Shore Capital reiterated a “buy” rating on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 775 ($10.23) price objective on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Lancashire Holdings Limited currently has an average rating of “Hold” and an average price target of GBX 648.62 ($8.56).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 720.00 on Friday. Lancashire Holdings Limited has a 52 week low of GBX 608.00 and a 52 week high of GBX 775.00. The stock has a 50 day moving average price of GBX 657.34 and a 200 day moving average price of GBX 688.26. The firm’s market capitalization is GBX 1.44 billion.
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.
What are top analysts saying about Lancashire Holdings Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lancashire Holdings Limited and related companies.