Berenberg Bank Begins Coverage on Lancashire (LRE)
A number of other equities analysts also recently weighed in on LRE. Shore Capital Group reissued a buy rating on shares of Lancashire in a report on Thursday, November 2nd. Stockdale Securities reissued an add rating and issued a GBX 800 ($10.77) price target on shares of Lancashire in a report on Monday, November 6th. Peel Hunt cut their price target on shares of Lancashire from GBX 760 ($10.23) to GBX 690 ($9.29) and set an add rating on the stock in a report on Friday, September 29th. Barclays boosted their price target on shares of Lancashire from GBX 687 ($9.25) to GBX 697 ($9.38) and gave the stock an equal weight rating in a report on Monday, December 11th. Finally, Shore Capital reissued a buy rating on shares of Lancashire in a report on Monday, October 9th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 689.57 ($9.28).
Shares of Lancashire (LON LRE) traded down GBX 0.50 ($0.01) during trading hours on Wednesday, hitting GBX 664.50 ($8.94). 469,916 shares of the company were exchanged, compared to its average volume of 645,976. Lancashire has a 52 week low of GBX 608 ($8.18) and a 52 week high of GBX 773.50 ($10.41).
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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.
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