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 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.
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