Trading Report: The JPMorgan Chase & Co. Boosts Lancashire Holdings Limited (LRE) Price Target to GBX 595

The JPMorgan Chase & Co. Boosts Lancashire Holdings Limited (LRE) Price Target to GBX 595

Lancashire Holdings Limited (LON:LRE) had its price objective upped by JPMorgan Chase & Co. from GBX 545 ($6.81) to GBX 595 ($7.43) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 6.67% from the stock’s previous close.

A number of other brokerages have also weighed in on LRE. Shore Capital restated a “buy” rating on shares of Lancashire Holdings Limited in a research note on Wednesday, October 5th. Peel Hunt raised their target price on Lancashire Holdings Limited from GBX 590 ($7.37) to GBX 640 ($8.00) and gave the company a “hold” rating in a research note on Wednesday, November 2nd. Barclays PLC restated an “underweight” rating and issued a GBX 660 ($8.25) target price on shares of Lancashire Holdings Limited in a research note on Monday, October 31st. Stockdale Securities lowered Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.37) target price for the company. in a research note on Wednesday, September 14th. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 695 ($8.68) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Lancashire Holdings Limited presently has a consensus rating of “Hold” and a consensus price target of GBX 650.08 ($8.12).

Shares of Lancashire Holdings Limited (LON:LRE) traded down 0.390625% during mid-day trading on Wednesday, hitting GBX 636.801331. 361,215 shares of the company were exchanged. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 775.00. The stock’s market cap is GBX 1.27 billion. The stock’s 50-day moving average price is GBX 699.68 and its 200 day moving average price is GBX 629.98.

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Thursday, November 17th will be issued a dividend of GBX 0.75 ($0.01) per share. This represents a dividend yield of 7.94%. The ex-dividend date of this dividend is Thursday, November 17th.

In other news, insider Maloney ,Alex sold 60,614 shares of Lancashire Holdings Limited stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.12), for a total transaction of £393,991 ($492,242.63).

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