Lancashire (LON:LRE) had its target price upped by JPMorgan Chase & Co. from GBX 570 ($7.45) to GBX 580 ($7.58) in a research report issued to clients and investors on Tuesday, February 5th. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 12.45% from the stock’s current price.
A number of other research firms have also recently weighed in on LRE. Peel Hunt decreased their target price on shares of Lancashire from GBX 675 ($8.82) to GBX 665 ($8.69) and set an “add” rating on the stock in a research note on Thursday, November 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 675 ($8.82) target price on shares of Lancashire in a research note on Friday, November 2nd. Barclays decreased their target price on shares of Lancashire from GBX 636 ($8.31) to GBX 623 ($8.14) and set an “equal weight” rating on the stock in a research note on Thursday, December 13th. Royal Bank of Canada raised shares of Lancashire to an “outperform” rating in a research note on Tuesday, December 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 675 ($8.82) target price on shares of Lancashire in a research note on Monday, December 10th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 669.91 ($8.75).
LON:LRE remained flat at $GBX 662.50 ($8.66) during mid-day trading on Tuesday. 1,457,523 shares of the company were exchanged, compared to its average volume of 1,020,000. Lancashire has a fifty-two week low of GBX 542.50 ($7.09) and a fifty-two week high of GBX 773.50 ($10.11).
In related news, insider Elaine Whelan sold 1,334 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of GBX 650 ($8.49), for a total value of £8,671 ($11,330.20).
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.
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