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Home / Support and Resistance / Lancashire Holdings Limited (LRE.L) 09-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Lancashire Holdings Limited (LRE.L) 09-03-20

Will Lancashire Holdings Limited (LRE.L) shares break below the 688p support zone, or will it return to highs of 807p (+16%)?

 

  • Currently trading around the 688p support at 691p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Highs of 807p have been seen in the recent past. Will we see this again? (+16%)
  • Shares -14% from 12-month highs; +7% from 12 month lows.

Latest News

18 Feb:  Peel Hunt reiterates its hold rating on Lancashire Holdings Ltd (LRE) and increased the target price to 760p (from 730p).

14 Feb:  UBS reiterates its buy rating on Lancashire Holdings Ltd (LRE) and increased the target price to 870p (from 830p).

14 Feb:  JP Morgan Cazenove reiterates its neutral rating on Lancashire Holdings Ltd (LRE) and increased the target price to 700p (from 695p).

13 Feb:  Lancashire Holdings, the property and casualty insurer, announced an increase in profits as premiums grew again. In the annual results to 31 December, pre-tax profits increased to $119.5m, up from $33.6m.

03 Feb:  Goldman Sachs today initiates coverage of Lancashire Holdings Ltd (LRE) with a buy rating and target price of 860p.

03 Feb:  Barclays Capital reiterates its equal weight rating on Lancashire Holdings Ltd (LRE) and increased the target price to 781p (from 758p).

23 Jan:  HSBC has downgraded its rating on Lancashire Holdings Ltd (LRE) to reduce (from hold) and reduced the target price to 551p (from 694p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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