Lancashire (LON:LRE) had its price objective trimmed by Morgan Stanley from GBX 716 ($9.89) to GBX 653 ($9.02) in a research report report published on Tuesday. The brokerage currently has an equal weight rating on the stock.
A number of other analysts have also recently commented on LRE. Barclays raised shares of Lancashire to an equal weight rating and upped their target price for the company from GBX 631 ($8.72) to GBX 687 ($9.49) in a report on Wednesday, October 25th. Citigroup reiterated a neutral rating and issued a GBX 635 ($8.77) price target on shares of Lancashire in a research report on Thursday, October 26th. JPMorgan Chase & Co. upped their price target on shares of Lancashire from GBX 625 ($8.63) to GBX 690 ($9.53) and gave the stock an underweight rating in a research report on Friday, October 27th. Shore Capital reiterated a buy rating on shares of Lancashire in a research report on Thursday, November 2nd. Finally, Peel Hunt reiterated an add rating and issued a GBX 690 ($9.53) price target on shares of Lancashire in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Lancashire has an average rating of Hold and an average price target of GBX 687.77 ($9.50).
Shares of Lancashire (LON LRE) opened at GBX 561.50 ($7.76) on Tuesday. Lancashire has a twelve month low of GBX 552 ($7.63) and a twelve month high of GBX 773.50 ($10.69). The company has a market cap of $1,130.00 and a P/E ratio of -2,159.62.
In related news, insider Samantha Hoe-Richardson bought 1,409 shares of the company’s stock in a transaction that occurred on Monday, February 19th. The stock was purchased at an average price of GBX 568 ($7.85) per share, for a total transaction of £8,003.12 ($11,057.09). Also, insider Peter Clarke bought 16,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of GBX 567 ($7.83) per share, with a total value of £90,720 ($125,338.49).
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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