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 on Thursday.
A number of other research analysts also recently commented on LRE. UBS Group reaffirmed a “buy” rating on shares of Lancashire in a report on Friday, October 26th. Shore Capital reaffirmed an “under review” rating on shares of Lancashire in a report on Thursday, November 1st. JPMorgan Chase & Co. lowered their price target on shares of Lancashire from GBX 630 ($8.23) to GBX 570 ($7.45) and set a “neutral” rating for the company in a report on Friday, November 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 675 ($8.82) price target on shares of Lancashire in a report on Friday, November 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 675 ($8.82) price target on shares of Lancashire in a report on Monday, December 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 650.33 ($8.50).
Shares of LON:LRE opened at GBX 610 ($7.97) on Thursday. Lancashire has a 12 month low of GBX 542.50 ($7.09) and a 12 month high of GBX 773.50 ($10.11).
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.
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