Lancashire’s (LON:LRE) Add Rating Reiterated at Stockdale Securities

Lancashire Holdings Limited (LON:LRE)‘s stock had its “add” rating restated by analysts at Stockdale Securities in a research report issued on Monday, November 6th. They presently have a GBX 800 ($10.52) price target on the stock. Stockdale Securities’ target price points to a potential upside of 13.64% from the stock’s previous close.

A number of other research firms also recently weighed in on LRE. Peel Hunt reiterated an “add” rating and set a GBX 725 ($9.54) target price on shares of Lancashire in a research note on Monday, July 17th. Credit Suisse Group started coverage on Lancashire in a research note on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($8.02) target price for the company. Morgan Stanley started coverage on Lancashire in a research note on Tuesday, July 25th. They set an “equal weight” rating and a GBX 630 ($8.29) target price for the company. Shore Capital reiterated a “buy” rating on shares of Lancashire in a research note on Thursday, July 27th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 775 ($10.19) price target on shares of Lancashire in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 692.43 ($9.11).

Lancashire (LRE) traded up GBX 4.50 ($0.06) during midday trading on Monday, hitting GBX 704 ($9.26). The stock had a trading volume of 925,276 shares, compared to its average volume of 717,260. Lancashire has a 52 week low of GBX 608 ($8.00) and a 52 week high of GBX 773.50 ($10.17).

In other news, insider Peter Clarke acquired 30,000 shares of Lancashire stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average price of GBX 746 ($9.81) per share, for a total transaction of £223,800 ($294,357.49).

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Lancashire Company Profile

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.

Analyst Recommendations for Lancashire (LON:LRE)

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