Lancashire Holdings Ltd (LON:LRE) Rating Reaffirmed
In analysts note sent to clients and investors on 30 November, The “Neutral” rating of Lancashire Holdings Ltd (LON:LRE) shares was has restated at JP Morgan Cazenove, who now has a GBX 630.00 TP on the stock. JP Morgan Cazenove’s TP may imply a possible downside of -6.57% from the current stock price of the company.
From a total of 13 analysts covering Lancashire Holdings Ltd (LON:LRE) stock, 3 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is GBX 892 while the lowest target price is GBX 419. The mean of all analyst targets is GBX 650.67 with a -3.51% below today’s (GBX 674.32) stock price. Lancashire Holdings Ltd was the topic of 28 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on November 23 with “Market Perform” rating. Numis Securities maintained shares with “Add” rating and GBX 790 target share price in a report from a November 5. Barclays Capital maintained LRE stock in a recent report from November 6 with “Underweight” rating. Haitong Securities maintained the rating on November 5. Haitong Securities has a “Buy” rating and a GBX 892 price target on shares. Finally, Peel Hunt maintained the stock with “Hold” rating in a report issued on a November 5.
The stock increased 0.65% or GBX 4.32 on November 27, striking GBX 674.32. Approximately shares of stock traded hands. Lancashire Holdings Limited (LON:LRE) has risen 7.23% since May 1, 2015 and is uptrending. It has outperformed by 8.12% the S&P500.
Lancashire Holdings Limited, through its wholly owned subsidiaries, is engaged in the provision of global specialty insurance and reinsurance products with activities in the United Kingdom, Bermuda and Canada. The company has a market cap of 1.34 billion GBP. The Firm operates in five business divisions: Property, Energy, Marine, Aviation and Lloyd’s. It has 9.42 P/E ratio.