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).

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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)

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