Lancashire’s (LRE) Neutral Rating Reiterated at JPMorgan Chase & Co.
Lancashire (LON:LRE)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a report issued on Thursday. They presently have a GBX 725 ($9.83) price target on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 10.43% from the stock’s current price.
Several other research analysts also recently weighed in on the company. Stockdale Securities reaffirmed an “add” rating and set a GBX 800 ($10.85) target price on shares of Lancashire in a research note on Monday, November 6th. Shore Capital Group reaffirmed a “buy” rating on shares of Lancashire in a research note on Thursday, November 2nd. Citigroup reaffirmed a “neutral” rating and set a GBX 635 ($8.61) target price on shares of Lancashire in a research note on Thursday, October 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 690 ($9.36) target price on shares of Lancashire in a research note on Monday, October 9th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 775 ($10.51) target price on shares of Lancashire in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 692.07 ($9.39).
Shares of Lancashire (LON LRE) traded down GBX 2 ($0.03) during trading hours on Thursday, reaching GBX 656.50 ($8.90). The company’s stock had a trading volume of 696,619 shares, compared to its average volume of 400,586. Lancashire has a one year low of GBX 608 ($8.25) and a one year high of GBX 773.50 ($10.49). The firm has a market capitalization of $1,320.00 and a P/E ratio of -10,941.67.
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Lancashire Company Profile
Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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