Lancashire (LON:LRE) had its price objective increased by JPMorgan Chase & Co. from GBX 650 ($8.49) to GBX 725 ($9.47) in a research note published on Tuesday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
LRE has been the topic of a number of other reports. Peel Hunt reissued an add rating on shares of Lancashire in a research note on Tuesday, July 24th. Numis Securities reissued a buy rating and issued a GBX 765 ($10.00) price objective on shares of Lancashire in a research note on Monday, October 8th. Barclays lifted their price objective on shares of Lancashire from GBX 659 ($8.61) to GBX 667 ($8.72) and gave the company an equal weight rating in a research note on Wednesday, July 18th. Shore Capital reissued an under review rating on shares of Lancashire in a research note on Monday, October 8th. Finally, Berenberg Bank raised shares of Lancashire to a hold rating and set a GBX 600 ($7.84) target price on the stock in a research note on Wednesday, August 22nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 690.38 ($9.02).
Shares of LON:LRE opened at GBX 536.50 ($7.01) on Tuesday. Lancashire has a 1 year low of GBX 542.50 ($7.09) and a 1 year 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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