Equities researchers at Berenberg Bank began coverage on shares of Lancashire (LON:LRE) in a research report issued on Wednesday. The brokerage set a “sell” rating and a GBX 600 ($8.08) price target on the stock. Berenberg Bank’s price target points to a potential downside of 10.58% from the stock’s current price.
Several other brokerages have also commented on LRE. raised Lancashire to a “buy” rating and lifted their price objective for the stock from GBX 683 ($9.19) to GBX 863 ($11.62) in a report on Monday, November 6th. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Lancashire in a report on Tuesday, November 28th. J P Morgan Chase & Co reaffirmed an “underweight” rating on shares of Lancashire in a report on Thursday, November 16th. Morgan Stanley lifted their price objective on Lancashire from GBX 630 ($8.48) to GBX 716 ($9.64) and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Finally, HSBC reaffirmed a “buy” rating and issued a GBX 863 ($11.62) price objective on shares of Lancashire in a report on Thursday, November 23rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Lancashire currently has a consensus rating of “Hold” and an average price target of GBX 689.57 ($9.28).
Shares of Lancashire (LON:LRE) opened at GBX 671 ($9.03) on Wednesday. Lancashire has a fifty-two week low of GBX 608 ($8.18) and a fifty-two week high of GBX 773.50 ($10.41).
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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