Lancashire (LON:LRE) Earns “Add” Rating from Peel Hunt
Lancashire (LON:LRE)‘s stock had its “add” rating reiterated by equities research analysts at Peel Hunt in a report issued on Thursday, January 4th. They currently have a GBX 690 ($9.69) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 1.10% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Stockdale Securities reissued an “add” rating and set a GBX 800 ($11.23) price target on shares of Lancashire in a research report on Monday, November 6th. Shore Capital Group reissued a “buy” rating on shares of Lancashire in a research report on Thursday, November 2nd. Shore Capital reissued a “buy” rating on shares of Lancashire in a research report on Monday, October 9th. Citigroup reissued a “neutral” rating and set a GBX 635 ($8.92) price target on shares of Lancashire in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lancashire from GBX 625 ($8.78) to GBX 690 ($9.69) and gave the company an “underweight” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Lancashire currently has an average rating of “Hold” and an average price target of GBX 692.07 ($9.72).
Lancashire (LON LRE) traded down GBX 3 ($0.04) during trading hours on Thursday, hitting GBX 682.50 ($9.58). 201,312 shares of the stock traded hands, compared to its average volume of 384,914. Lancashire has a 12-month low of GBX 608 ($8.54) and a 12-month high of GBX 773.50 ($10.86). The stock has a market cap of $1,370.00 and a PE ratio of -13,650.00.
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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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