Lancashire Holdings Ltd (LON:LRE) Receives a Downgrade
Trading for shares of Lancashire Holdings Ltd (LON:LRE) will be very interesting to watch, as Numis cut the rating for the stock to a Hold. In addition to the ratings downgrade, Numis analysts have given the shares a target price of GBX 730.00 which is 7.63% higher than before.
From a total of 16 analysts covering Lancashire Holdings Ltd (LON:LRE) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 10 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is GBX 13.4 while the lowest target price is GBX 6.3. The mean of all analyst targets is GBX 10 with a -3.75% below today’s (GBX 679.5) stock price. Lancashire Holdings Ltd was the topic of 31 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 1 with “Add” rating. Peel Hunt maintained shares with “Hold” rating and GBX 613 target share price in a report from a November 5. JP Morgan maintained LRE stock in a recent report from November 30 with “Neutral” rating. Haitong Securities maintained the rating on November 5. Haitong Securities has a “Buy” rating and a GBX 892 price target on shares. Finally, Barclays Capital maintained the stock with “Underweight” rating in a report issued on a November 6.
Approximately 88,958 shares of stock traded hands. Lancashire Holdings Limited (LON:LRE) has risen 11.80% since May 6, 2015 and is uptrending. It has outperformed by 12.09% 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 1.36 billion GBP. The Firm operates in five business divisions: Property, Energy, Marine, Aviation and Lloyd’s. It has 9.39 P/E ratio.