Lancashire Holdings Ltd (LON:LRE) Rating Reaffirmed
Canaccord Genuity now has a GBX 550.00 Estimated Target Price on shares of Lancashire Holdings Ltd (LON:LRE). The Estimated Target Price implies a potential downside of -8.94% from the current price of Lancashire Holdings Ltd (LON:LRE). This rating was revealed in an analyst note on Tuesday, 8 December.
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 13.3 while the lowest target price is GBX 6.3. The mean of all analyst targets is GBX 9.8 with a 7.83% above today’s (GBX 601.85) stock price. Lancashire Holdings Ltd was the topic of 34 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Market Perform” rating. Barclays Capital maintained shares with “Underweight” rating and GBX 419 target share price in a report from a November 6. Numis Securities downgraded LRE stock in a recent report from December 3 to “Hold” rating. Haitong Securities maintained the rating on November 5. Haitong Securities has a “Buy” rating and a GBX 892 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a November 30.
Approximately 719,504 shares of stock traded hands or 9.97% up from the average. Lancashire Holdings Limited (LON:LRE) has declined 7.87% since May 11, 2015 and is downtrending. It has underperformed by 7.28% the S&P500.
The overall sentiment of institutions has increased to 0.88 in Q2 2015. Its up 0.04, from 0.84 in 2015Q2. The ratio is positive, as 10 institutions have sold all the shares of Lancashire Holdings Limited that they owned while 6 funds have taken shares off the table. 8 funds have purchased shares for the first time while 6 added to their positions. These institutions now hold 10.59 million shares or 3.51% less than the 10.97 million shares they owned in 2015Q2.
The Fund Lime Rock Management Lp currently is holding shares equating to 76.63% of its total portfolio in Lancashire Holdings Limited representing a total of 8.57 million shares. Another fund,Arrow Investment Advisors Llc, is holding a total of 169,557 shares equating to 0.17% of their holdings. Additionally, Sphinx Trading Lp has a 20,600 share stake in Lancashire Holdings Limited which represents 0.09% of their total portfolio. The Fund, Ironwood Investment Counsel Llc, based out of Arizona, has also built up a stake in the stock, which represents a total of 0.07% of their total portfolio. Finally Omers Administration Corp, a fund which is based in the state of Ontario – Canada reported a total holdings of 532,630 shares.
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 8.43 P/E ratio.