Lancashire (LRE) Receives Add Rating from Peel Hunt

Lancashire (LON:LRE)‘s stock had its “add” rating reissued by investment analysts at Peel Hunt in a research report issued to clients and investors on Thursday, January 4th. They currently have a GBX 690 ($9.36) target price on the stock. Peel Hunt’s price target suggests a potential upside of 4.39% from the company’s current price.

LRE has been the subject of several other research reports. upgraded Lancashire to a “buy” rating and increased their price target for the stock from GBX 683 ($9.26) to GBX 863 ($11.70) in a research note on Monday, November 6th. Royal Bank of Canada reiterated a “sector performer” rating on shares of Lancashire in a research note on Tuesday, November 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Lancashire in a research note on Thursday, November 16th. Morgan Stanley increased their price target on Lancashire from GBX 630 ($8.54) to GBX 716 ($9.71) and gave the stock an “equal weight” rating in a research note on Wednesday, November 8th. Finally, HSBC reiterated a “buy” rating and set a GBX 863 ($11.70) price target on shares of Lancashire in a research note on Thursday, November 23rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 689.57 ($9.35).

Lancashire (LON LRE) traded up GBX 8 ($0.11) during midday trading on Thursday, reaching GBX 661 ($8.96). The company had a trading volume of 948,401 shares, compared to its average volume of 396,059. The stock has a market cap of $1,330.00 and a price-to-earnings ratio of -11,016.67. Lancashire has a twelve month low of GBX 608 ($8.25) and a twelve month high of GBX 773.50 ($10.49).

In related news, insider Peter Clarke purchased 30,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were acquired at an average cost of GBX 746 ($10.12) per share, with a total value of £223,800 ($303,498.78).

ILLEGAL ACTIVITY WARNING: This article was first posted by Week Herald and is the sole property of of Week Herald. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://weekherald.com/2018/01/12/lancashire-lre-given-add-rating-at-peel-hunt.html.

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)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply