Lancashire Holdings Limited (LRE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 649.25 ($8.45).

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Several brokerages recently commented on LRE. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 680 ($8.86) price target on shares of Lancashire Holdings Limited in a research note on Tuesday, June 13th. Peel Hunt boosted their price target on Lancashire Holdings Limited from GBX 725 ($9.44) to GBX 760 ($9.90) and gave the company an “add” rating in a research note on Tuesday, July 25th. Shore Capital reaffirmed a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 775 ($10.09) price target on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Finally, Stockdale Securities reaffirmed a “neutral” rating on shares of Lancashire Holdings Limited in a research note on Thursday, April 27th.

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Shares of Lancashire Holdings Limited (LRE) traded down 1.17% during trading on Monday, hitting GBX 720.00. 233,010 shares of the stock were exchanged. Lancashire Holdings Limited has a 12-month low of GBX 598.00 and a 12-month high of GBX 775.00. The company’s market cap is GBX 1.44 billion. The firm has a 50 day moving average of GBX 721.72 and a 200-day moving average of GBX 695.27.

The company also recently announced a dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 0.52%.

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.