Lancashire (LRE) Earns “Add” Rating from Peel Hunt
Several other research firms also recently commented on LRE. Shore Capital reiterated a buy rating on shares of Lancashire in a research note on Thursday, November 2nd. Numis Securities reissued a hold rating and set a GBX 775 ($10.71) target price on shares of Lancashire in a report on Thursday, November 2nd. raised shares of Lancashire to a buy rating and boosted their target price for the company from GBX 683 ($9.44) to GBX 863 ($11.92) in a report on Monday, November 6th. Morgan Stanley boosted their target price on shares of Lancashire from GBX 630 ($8.70) to GBX 716 ($9.89) and gave the company an equal weight rating in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. reissued an underweight rating and set a GBX 690 ($9.53) target price on shares of Lancashire in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Lancashire presently has an average rating of Hold and an average target price of GBX 698.38 ($9.65).
Lancashire (LON LRE) opened at GBX 570 ($7.88) on Thursday. Lancashire has a 12 month low of GBX 564.50 ($7.80) and a 12 month high of GBX 773.50 ($10.69). The company has a market capitalization of $1,140.00 and a P/E ratio of -2,280.00.
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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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