Lancashire Holdings Limited (LRE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lancashire Holdings Limited (LON:LRE) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 691.67 ($9.04).

Several research firms have recently commented on LRE. Canaccord Genuity restated a “buy” rating and issued a GBX 720 ($9.41) price target on shares of Lancashire in a report on Thursday, September 6th. Peel Hunt restated an “add” rating and issued a GBX 690 ($9.02) price target on shares of Lancashire in a report on Thursday, September 6th. Numis Securities upgraded shares of Lancashire to a “buy” rating in a report on Thursday, July 26th. Barclays boosted their price target on shares of Lancashire from GBX 667 ($8.72) to GBX 693 ($9.06) and gave the company an “equal weight” rating in a report on Friday, September 7th. Finally, Berenberg Bank upgraded shares of Lancashire to a “hold” rating and set a GBX 600 ($7.84) price target for the company in a report on Wednesday, August 22nd.

LRE traded up GBX 15 ($0.20) on Wednesday, reaching GBX 580 ($7.58). 510,251 shares of the company traded hands, compared to its average volume of 1,020,000. Lancashire has a one year low of GBX 542.50 ($7.09) and a one year high of GBX 773.50 ($10.11).

About Lancashire

Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and a range of coverages in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.

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Analyst Recommendations for Lancashire (LON:LRE)

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