Lancashire Holdings Limited’s (LRE) “Add” Rating Reiterated at Peel Hunt
Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating reissued by research analysts at Peel Hunt in a report issued on Thursday. They currently have a GBX 690 ($9.11) price objective on the stock. Peel Hunt’s target price points to a potential downside of 8.18% from the company’s current price.
Other research analysts have also issued reports about the stock. Morgan Stanley started coverage on shares of Lancashire Holdings Limited in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 630 ($8.31) target price on the stock. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 625 ($8.25) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, September 12th. Barclays PLC raised shares of Lancashire Holdings Limited to an “equal weight” rating and raised their target price for the stock from GBX 631 ($8.33) to GBX 687 ($9.07) in a research note on Wednesday, October 25th. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Monday, October 9th. Finally, Credit Suisse Group started coverage on shares of Lancashire Holdings Limited in a research note on Tuesday, July 18th. They issued an “underperform” rating and a GBX 610 ($8.05) target price on the stock. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Lancashire Holdings Limited has a consensus rating of “Hold” and an average target price of GBX 648.62 ($8.56).
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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