Shares of Lancashire Holdings Limited (LON:LRE) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 646.75 ($8.43).
LRE has been the subject of a number of analyst reports. Peel Hunt restated an “add” rating on shares of Lancashire Holdings Limited in a research report on Sunday, June 11th. Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a research report on Thursday, May 4th. Morgan Stanley initiated coverage on Lancashire Holdings Limited in a research report on Tuesday. They issued an “equal weight” rating and a GBX 630 ($8.21) price target for the company. Finally, HSBC Holdings plc restated a “hold” rating and issued a GBX 680 ($8.86) price target on shares of Lancashire Holdings Limited in a research report on Tuesday, June 13th.
Shares of Lancashire Holdings Limited (LON:LRE) traded down 0.54% on Monday, reaching GBX 732.00. The company’s stock had a trading volume of 243,458 shares. The company’s market capitalization is GBX 1.47 billion. Lancashire Holdings Limited has a 12-month low of GBX 581.50 and a 12-month high of GBX 775.00. The company’s 50-day moving average is GBX 713.88 and its 200 day moving average is GBX 692.81.
The firm also recently announced a dividend, which will be paid on Wednesday, September 6th. Investors of record on Thursday, August 10th will be given a dividend of $0.05 per share. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, August 10th.
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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