Lancashire (LON:LRE) Given Hold Rating at Peel Hunt
Peel Hunt restated their hold rating on shares of Lancashire (LON:LRE) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also weighed in on LRE. Shore Capital lowered shares of Informa to a hold rating in a report on Friday, May 24th. Numis Securities upgraded Royal Bank of Scotland Group from an add rating to a buy rating in a research note on Wednesday, May 1st. UBS Group raised to a neutral rating and lifted their target price for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a report on Thursday, June 20th. Berenberg Bank reissued a hold rating and issued a GBX 285 ($3.72) price target on shares of in a report on Wednesday, June 12th. Finally, Barclays boosted their price target on Stanley Black & Decker from $135.00 to $145.00 and gave the stock an overweight rating in a research report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lancashire has an average rating of Hold and an average target price of GBX 696.11 ($9.10).
Lancashire stock traded down GBX 9.50 ($0.12) during mid-day trading on Thursday, reaching GBX 694.50 ($9.07). The stock had a trading volume of 138,408 shares, compared to its average volume of 1,020,000. The company has a debt-to-equity ratio of 30.42, a current ratio of 1.28 and a quick ratio of 0.87. The firm has a market cap of $1.40 billion and a P/E ratio of 37.14. The company’s 50-day moving average price is GBX 704.20. Lancashire has a one year low of GBX 505 ($6.60) and a one year high of GBX 731 ($9.55).
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 coverage 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.
Featured Article: How to calculate the annual rate of depreciation
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.