Lancashire (LON:LRE) Given New GBX 758 Price Target at Barclays

Lancashire (LON:LRE) had its target price raised by Barclays from GBX 731 ($9.55) to GBX 758 ($9.90) in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 6.39% from the stock’s previous close.

A number of other brokerages have also weighed in on LRE. JPMorgan Chase & Co. upgraded Lancashire to a “neutral” rating and raised their target price for the company from GBX 645 ($8.43) to GBX 700 ($9.15) in a research note on Monday, November 11th. Peel Hunt reiterated a “hold” rating on shares of Lancashire in a research report on Tuesday, November 19th. Canaccord Genuity reissued a “hold” rating and set a GBX 735 ($9.60) price objective on shares of Lancashire in a report on Monday, November 11th. UBS Group reissued a “buy” rating on shares of Lancashire in a report on Friday, November 1st. Finally, Shore Capital restated a “hold” rating on shares of Lancashire in a research report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 714.20 ($9.33).

Lancashire stock opened at GBX 712.50 ($9.31) on Wednesday. The business’s fifty day moving average is GBX 708.36 and its two-hundred day moving average is GBX 703.51. The company has a debt-to-equity ratio of 31.04, a quick ratio of 1.48 and a current ratio of 2.19. The firm has a market cap of $1.44 billion and a P/E ratio of 7,125.00. Lancashire has a 52 week low of GBX 556.50 ($7.27) and a 52 week high of GBX 758 ($9.90).

Lancashire Company Profile

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 Article: What is a dividend reinvestment plan?

Analyst Recommendations for Lancashire (LON:LRE)

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's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit