Lancashire Holdings Limited (LRE) PT Raised to GBX 690

Lancashire Holdings Limited (LON:LRE) had its target price hoisted by research analysts at J P Morgan Chase & Co from GBX 625 ($8.25) to GBX 690 ($9.11) in a research note issued to investors on Friday. The brokerage currently has an “underweight” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential downside of 4.17% from the company’s previous close.

Several other equities analysts have also weighed in on LRE. Peel Hunt restated an “add” rating and set a GBX 725 ($9.57) target price on shares of Lancashire Holdings Limited in a report on Monday, July 3rd. Credit Suisse Group initiated coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($8.05) target price on the stock. Morgan Stanley initiated coverage on shares of Lancashire Holdings Limited in a report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 630 ($8.31) target price on the stock. Shore Capital reiterated a “buy” rating on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 775 ($10.23) price objective on shares of Lancashire Holdings Limited in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Lancashire Holdings Limited currently has an average rating of “Hold” and an average price target of GBX 648.62 ($8.56).

Shares of Lancashire Holdings Limited (LON:LRE) opened at 720.00 on Friday. Lancashire Holdings Limited has a 52 week low of GBX 608.00 and a 52 week high of GBX 775.00. The stock has a 50 day moving average price of GBX 657.34 and a 200 day moving average price of GBX 688.26. The firm’s market capitalization is GBX 1.44 billion.

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About Lancashire Holdings Limited

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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