Could Lancashire Holdings Limited Crash Even More? The Stock Had Another Big Decline Today

 Could Lancashire Holdings Limited Crash Even More? The Stock Had Another Big Decline Today

The stock of Lancashire Holdings Limited (LON:LRE) is a huge mover today! The stock increased 0.53% or GBX 3.35 on November 18, hitting GBX 639.85. About 968,630 shares traded hands or 100.27% up from the average. Lancashire Holdings Limited (LON:LRE) has risen 13.56% since April 21, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.
The move comes after 9 months negative chart setup for the GBX 1.16B company. It was reported on Nov, 18 by Barchart.com. We have GBX 595.06 PT which if reached, will make LON:LRE worth GBX 81.20 million less.

Lancashire Holdings Limited (LON:LRE) Ratings Coverage

Out of 19 analysts covering Lancashire Holdings Ltd (LON:LRE), 5 rate it a “Buy”, 4 “Sell”, while 10 “Hold”. This means 26% are positive. Lancashire Holdings Ltd has been the topic of 111 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Tuesday, May 31, the company rating was maintained by Macquarie Research. The firm earned “Buy” rating on Thursday, November 5 by Haitong Securities. The stock of Lancashire Holdings Limited (LON:LRE) earned “Underperform” rating by RBC Capital Markets on Friday, March 11. As per Tuesday, February 2, the company rating was maintained by UBS. The stock has “Underperform” rating given by RBC Capital Markets on Thursday, March 24. The stock of Lancashire Holdings Limited (LON:LRE) earned “Underweight” rating by Barclays Capital on Friday, November 6. JP Morgan initiated it with “Neutral” rating and GBX 630 target price in Wednesday, February 3 report. The rating was maintained by Numis Securities on Thursday, February 18 with “Add”. Numis Securities maintained the stock with “Add” rating in Tuesday, December 1 report. JP Morgan maintained the shares of LRE in a report on Friday, May 6 with “Neutral” rating.

Another recent and important Lancashire Holdings Limited (LON:LRE) news was published by Fool.Co.Uk which published an article titled: “Why I Sold HSBC Holdings plc For Lancashire Holdings Limited” on October 07, 2014.

Lancashire Holdings Limited is a United Kingdom company, which is engaged in the provision of global specialty insurance and reinsurance products. The company has a market cap of 1.16 billion GBP. The Firm operates through five divisions: Lloyd’s, Property, Energy, Marine and Aviation. It has a 10.21 P/E ratio. The Firm operates as a specialty insurer/reinsurer operating across three platforms: Lancashire, Cathedral and Kinesis.

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