HSBC Boosts Lancashire (LRE) Price Target to GBX 698

Lancashire (LON:LRE) had its target price raised by equities researchers at HSBC from GBX 689 ($9.35) to GBX 698 ($9.47) in a research note issued to investors on Wednesday, May 9th. The firm currently has a “buy” rating on the stock. HSBC’s price target would suggest a potential upside of 14.52% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Peel Hunt reaffirmed an “add” rating and set a GBX 690 ($9.36) price target on shares of Lancashire in a report on Monday, March 5th. Numis Securities raised shares of Lancashire to an “add” rating and set a GBX 775 ($10.51) price target for the company in a report on Thursday, February 15th. Shore Capital reaffirmed a “buy” rating on shares of Lancashire in a report on Thursday, February 15th. Barclays lowered their price target on shares of Lancashire from GBX 697 ($9.45) to GBX 642 ($8.71) and set an “equal weight” rating for the company in a report on Thursday, February 1st. Finally, Morgan Stanley lowered their price target on shares of Lancashire from GBX 716 ($9.71) to GBX 653 ($8.86) and set an “equal weight” rating for the company in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 687.27 ($9.32).

Shares of Lancashire opened at GBX 609.50 ($8.27) on Wednesday, MarketBeat.com reports. Lancashire has a one year low of GBX 542.50 ($7.36) and a one year high of GBX 773.50 ($10.49).

In related news, insider Peter Clarke acquired 16,000 shares of Lancashire stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of GBX 567 ($7.69) per share, for a total transaction of £90,720 ($123,060.23). Also, insider Samantha Hoe-Richardson acquired 1,409 shares of Lancashire stock in a transaction on Monday, February 19th. The shares were bought at an average price of GBX 568 ($7.70) per share, for a total transaction of £8,003.12 ($10,856.10).

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 a range of coverages 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.

Analyst Recommendations for Lancashire (LON:LRE)

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