Lancashire Holdings Limited (OTCMKTS:LCSHF – Get Rating) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 153,900 shares, a decrease of 9.7% from the August 15th total of 170,500 shares. Based on an average trading volume of 300 shares, the short-interest ratio is presently 513.0 days.
Lancashire Stock Performance
Shares of OTCMKTS LCSHF opened at $5.70 on Tuesday. Lancashire has a 52-week low of $4.40 and a 52-week high of $9.20. The company’s 50 day moving average price is $5.24 and its 200-day moving average price is $5.10.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Investec raised shares of Lancashire from a “hold” rating to a “buy” rating in a research report on Tuesday, September 13th. Royal Bank of Canada raised their target price on shares of Lancashire from GBX 525 ($6.34) to GBX 550 ($6.65) in a research note on Thursday, July 28th. JPMorgan Chase & Co. raised their target price on shares of Lancashire from GBX 615 ($7.43) to GBX 620 ($7.49) in a research note on Thursday, July 28th. Morgan Stanley raised their target price on shares of Lancashire from GBX 434 ($5.24) to GBX 441 ($5.33) in a research note on Thursday, July 7th. Finally, Barclays raised their target price on shares of Lancashire from GBX 487 ($5.88) to GBX 528 ($6.38) in a research note on Monday, August 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Lancashire currently has a consensus rating of “Moderate Buy” and an average price target of $595.33.
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.
- Get a free copy of the StockNews.com research report on Lancashire (LCSHF)
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