Research analysts at Credit Suisse Group started coverage on shares of Lancashire Holdings Limited (LON:LRE) in a note issued to investors on Tuesday, July 18th, Marketbeat.com reports. The brokerage set an “underperform” rating and a GBX 610 ($8.05) price target on the stock. Credit Suisse Group’s price objective suggests a potential downside of 16.95% from the stock’s previous close.
A number of other research analysts have also recently commented on LRE. Peel Hunt reissued an “add” rating and issued a GBX 710 ($9.37) target price on shares of Lancashire Holdings Limited in a research note on Thursday, March 30th. Macquarie reiterated an “underperform” rating and set a GBX 530 ($6.99) target price on shares of Lancashire Holdings Limited in a report on Tuesday, April 4th. Canaccord Genuity upgraded shares of Lancashire Holdings Limited to a “hold” rating and set a GBX 630 ($8.31) price objective for the company in a report on Tuesday, April 18th. Stockdale Securities restated a “neutral” rating on shares of Lancashire Holdings Limited in a report on Thursday, April 27th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 650.85 ($8.59).
Shares of Lancashire Holdings Limited (LON LRE) traded down 0.47% during mid-day trading on Tuesday, reaching GBX 734.50. The company had a trading volume of 131,492 shares. The stock’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 firm’s 50 day moving average is GBX 716.39 and its 200-day moving average is GBX 693.59.
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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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