Lancashire (LON:LRE) Reaches New 12-Month High on Analyst Upgrade
Lancashire Holdings Limited (LON:LRE)’s share price reached a new 52-week high on Tuesday after Berenberg Bank raised their price target on the stock from GBX 697 to GBX 742. Berenberg Bank currently has a buy rating on the stock. Lancashire traded as high as GBX 714.75 ($9.34) and last traded at GBX 714.75 ($9.34), with a volume of 81 shares trading hands. The stock had previously closed at GBX 709 ($9.26).
Several other equities research analysts also recently issued reports on LRE. Peel Hunt reissued an “add” rating on shares of Lancashire in a research note on Thursday, February 14th. Shore Capital reissued an “under review” rating on shares of Lancashire in a research note on Thursday, February 14th. UBS Group reissued a “buy” rating and issued a GBX 675 ($8.82) price objective (up from GBX 655 ($8.56)) on shares of Lancashire in a research note on Friday, February 15th. Barclays increased their price objective on Lancashire from GBX 618 ($8.08) to GBX 676 ($8.83) and gave the stock an “equal weight” rating in a research note on Monday, February 18th. Finally, JPMorgan Chase & Co. increased their price objective on Lancashire from GBX 580 ($7.58) to GBX 615 ($8.04) and gave the stock a “neutral” rating in a research note on Monday, February 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 700 ($9.15).
The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 30.42. The company has a market cap of $1.45 billion and a price-to-earnings ratio of 38.74.
COPYRIGHT VIOLATION NOTICE: “Lancashire (LON:LRE) Reaches New 12-Month High on Analyst Upgrade” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2019/06/13/lancashire-lonlre-reaches-new-12-month-high-on-analyst-upgrade.html.
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
Featured Story: What is a trade deficit?
Receive News & Ratings for Lancashire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire and related companies with MarketBeat.com's FREE daily email newsletter.