Lancashire Holdings Limited (LON:LRE)‘s stock had its “underweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday, May 5th. They presently have a GBX 595 ($7.68) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 11.92% from the company’s previous close.
A number of other brokerages have also issued reports on LRE. Stockdale Securities restated a “neutral” rating on shares of Lancashire Holdings Limited in a research note on Thursday, April 27th. Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Peel Hunt restated an “add” rating and issued a GBX 725 ($9.36) price target on shares of Lancashire Holdings Limited in a research note on Thursday, May 4th. Canaccord Genuity lifted their price objective on Lancashire Holdings Limited from GBX 600 ($7.74) to GBX 630 ($8.13) and gave the stock a “sell” rating in a report on Friday, February 17th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 775 ($10.00) price objective on shares of Lancashire Holdings Limited in a report on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 665.18 ($8.59).
Lancashire Holdings Limited (LON:LRE) remained flat at GBX 675.50 during trading on Friday. The company had a trading volume of 259,201 shares. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 775.00. The stock’s 50 day moving average price is GBX 676.77 and its 200 day moving average price is GBX 684.35. The company’s market capitalization is GBX 1.35 billion.
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In related news, insider Alex Maloney sold 59,539 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of GBX 672 ($8.67), for a total transaction of £400,102.08 ($516,460.67). Also, insider Elaine Whelan sold 4,723 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of GBX 690 ($8.91), for a total transaction of £32,588.70 ($42,066.22).
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.
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