Lancashire (OTCMKTS:LCSHF) Price Target Raised to GBX 589

Lancashire (OTCMKTS:LCSHFGet Rating) had its price objective increased by Barclays from GBX 550 ($6.50) to GBX 589 ($6.96) in a research note released on Tuesday morning, The Fly reports.

A number of other brokerages have also issued reports on LCSHF. Royal Bank of Canada lifted their price target on shares of Lancashire from GBX 550 ($6.50) to GBX 600 ($7.09) in a research note on Monday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Lancashire from GBX 640 ($7.57) to GBX 675 ($7.98) in a report on Friday, November 4th. Morgan Stanley lifted their price objective on shares of Lancashire from GBX 517 ($6.11) to GBX 546 ($6.46) in a report on Wednesday, October 19th. Credit Suisse Group lifted their price objective on shares of Lancashire from GBX 760 ($8.99) to GBX 770 ($9.10) in a report on Tuesday, November 8th. Finally, Investec raised shares of Lancashire from a hold rating to a buy rating in a report on Tuesday, September 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $643.29.

Lancashire Stock Performance

Shares of OTCMKTS:LCSHF opened at $6.49 on Tuesday. The company has a fifty day simple moving average of $5.94 and a 200 day simple moving average of $5.35. Lancashire has a 12-month low of $4.40 and a 12-month high of $7.50.

About Lancashire

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Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.

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