Lancashire Holdings Limited (LON:LRE) had its price target boosted by equities researchers at Peel Hunt from GBX 590 ($7.32) to GBX 640 ($7.94) in a report released on Wednesday. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s price objective points to a potential downside of 0.62% from the stock’s current price.
Several other equities analysts have also recently weighed in on LRE. Morgan Stanley raised their target price on shares of Lancashire Holdings Limited from GBX 593 ($7.36) to GBX 666 ($8.26) and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Stockdale Securities cut shares of Lancashire Holdings Limited to a “neutral” rating and set a GBX 670 ($8.31) target price for the company. in a research note on Wednesday, September 14th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 660 ($8.19) target price on shares of Lancashire Holdings Limited in a research note on Monday, October 31st. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 695 ($8.62) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, September 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Lancashire Holdings Limited from GBX 265 ($3.29) to GBX 545 ($6.76) and gave the company a ” neutral” rating in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Lancashire Holdings Limited currently has a consensus rating of “Hold” and an average target price of GBX 650.08 ($8.06).
Lancashire Holdings Limited (LON:LRE) traded up 1.96% during trading on Wednesday, hitting GBX 650.00. 711,491 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of GBX 698.69 and a 200 day moving average price of GBX 631.67. The company’s market cap is GBX 1.29 billion. Lancashire Holdings Limited has a 52-week low of GBX 467.00 and a 52-week high of GBX 775.00.
The business also recently declared a dividend, which will be paid on Wednesday, December 14th. Investors of record on Thursday, November 17th will be paid a GBX 0.75 ($0.01) dividend. This represents a yield of 7.94%. The ex-dividend date of this dividend is Thursday, November 17th.
In related news, insider Maloney ,Alex sold 60,614 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of GBX 650 ($8.06), for a total value of £393,991 ($488,761.94).