Peel Hunt reiterated their hold rating on shares of Lancashire (LON:LRE) in a report published on Thursday morning, Digital Look reports. They currently have a GBX 660 ($8.62) target price on the stock.
A number of other equities analysts have also issued reports on LRE. Shore Capital reiterated a hold rating on shares of Lancashire in a research report on Thursday, July 25th. Barclays reiterated an equal weight rating on shares of Lancashire in a research report on Thursday, October 24th. UBS Group reiterated a buy rating on shares of Lancashire in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lancashire from GBX 650 ($8.49) to GBX 645 ($8.43) and set an overweight rating on the stock in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 706.50 ($9.23).
Shares of LRE stock traded down GBX 17 ($0.22) during trading hours on Thursday, reaching GBX 699.50 ($9.14). 130,939 shares of the company were exchanged, compared to its average volume of 1,020,000. Lancashire has a fifty-two week low of GBX 556.50 ($7.27) and a fifty-two week high of GBX 749.50 ($9.79). The stock’s fifty day moving average is GBX 707.90 and its two-hundred day moving average is GBX 697.21. The company has a market cap of $1.41 billion and a price-to-earnings ratio of 6,995.00. The company has a debt-to-equity ratio of 31.04, a current ratio of 2.19 and a quick ratio of 1.48.
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 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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