Lancashire (LRE) Given Buy Rating at UBS Group
UBS Group restated their buy rating on shares of Lancashire (LON:LRE) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 735 ($9.60) target price on the stock, up from their previous target price of GBX 675 ($8.82).
A number of other research firms have also recently weighed in on LRE. Peel Hunt restated an add rating and issued a GBX 700 ($9.15) price target on shares of Lancashire in a report on Thursday, May 2nd. Shore Capital restated a hold rating on shares of Lancashire in a report on Thursday, May 2nd. Numis Securities restated an add rating and issued a GBX 705 ($9.21) price target on shares of Lancashire in a report on Wednesday, May 1st. Morgan Stanley began coverage on Lancashire in a report on Friday, May 17th. They issued an equal weight rating and a GBX 667 ($8.72) price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Lancashire from GBX 580 ($7.58) to GBX 615 ($8.04) and gave the stock a neutral rating in a report on Monday, February 18th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 692.22 ($9.05).
LON LRE opened at GBX 686.50 ($8.97) on Wednesday. The company has a market capitalization of $1.38 billion and a price-to-earnings ratio of 36.71. Lancashire has a fifty-two week low of GBX 505 ($6.60) and a fifty-two week high of GBX 706 ($9.23). The company has a debt-to-equity ratio of 30.42, a current ratio of 1.28 and a quick ratio of 0.87.
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.
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