Lancashire Holdings Limited (LRE) Receives GBX 689.54 Average Target Price from Brokerages

Lancashire Holdings Limited (LON:LRE) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 689.54 ($9.28).

LRE has been the topic of a number of recent analyst reports. upgraded shares of Lancashire to a “buy” rating and boosted their price target for the stock from GBX 683 ($9.19) to GBX 863 ($11.62) in a research report on Monday, November 6th. Royal Bank of Canada restated a “sector performer” rating on shares of Lancashire in a research report on Tuesday, November 28th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Lancashire in a research report on Thursday, November 16th. Morgan Stanley boosted their price target on shares of Lancashire from GBX 630 ($8.48) to GBX 716 ($9.64) and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. Finally, HSBC restated a “buy” rating and issued a GBX 863 ($11.62) price target on shares of Lancashire in a research report on Thursday, November 23rd.

Shares of Lancashire (LON:LRE) traded down GBX 5 ($0.07) during midday trading on Thursday, hitting GBX 673 ($9.06). 54,982 shares of the stock were exchanged, compared to its average volume of 559,306. The firm has a market cap of $1,360.00 and a P/E ratio of -11,216.67. Lancashire has a 1 year low of GBX 608 ($8.18) and a 1 year high of GBX 773.50 ($10.41).

In other Lancashire news, insider Peter Clarke purchased 30,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of GBX 746 ($10.04) per share, for a total transaction of £223,800 ($301,211.31).

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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.

Analyst Recommendations for Lancashire (LON:LRE)

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