Lancashire Holdings Limited (LRE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 646.83 ($8.54).

LRE has been the subject of several research reports. J P Morgan Chase & Co increased their price target on Lancashire Holdings Limited from GBX 595 ($7.85) to GBX 625 ($8.25) and gave the stock an “underweight” rating in a research note on Tuesday, August 1st. Credit Suisse Group initiated coverage on Lancashire Holdings Limited in a research note on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($8.05) price target for the company. Numis Securities Ltd reiterated a “hold” rating and set a GBX 775 ($10.23) price target on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Finally, Peel Hunt reissued an “add” rating and set a GBX 725 ($9.57) price objective on shares of Lancashire Holdings Limited in a report on Monday, July 17th.

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Lancashire Holdings Limited Company Profile

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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