Lancashire Holdings Limited (LON:LRE)‘s stock had its “neutral” rating reiterated by stock analysts at Citigroup Inc. in a note issued to investors on Thursday. They currently have a GBX 635 ($8.38) price target on the stock. Citigroup Inc.’s price target points to a potential downside of 11.81% from the company’s current price.
A number of other brokerages have also recently commented on LRE. Peel Hunt reaffirmed an “add” rating and set a GBX 760 ($10.03) target price on shares of Lancashire Holdings Limited in a report on Thursday, September 7th. Shore Capital reissued a “buy” rating on shares of Lancashire Holdings Limited in a research note on Thursday, July 27th. Finally, Morgan Stanley started coverage on shares of Lancashire Holdings Limited in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 630 ($8.31) price objective for the company. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 648.62 ($8.56).
Shares of Lancashire Holdings Limited (LON:LRE) opened at 720.00 on Thursday. The stock’s 50 day moving average is GBX 657.34 and its 200 day moving average is GBX 688.26. Lancashire Holdings Limited has a 52 week low of GBX 608.00 and a 52 week high of GBX 775.00. The stock’s market cap is GBX 1.44 billion.
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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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