Lancashire (LON:LRE) had its price target upped by Royal Bank of Canada from GBX 775 ($10.13) to GBX 800 ($10.45) in a research report sent to investors on Tuesday, Digital Look reports. They currently have an outperform rating on the stock.
A number of other equities research analysts have also weighed in on the company. Canaccord Genuity reissued a hold rating and issued a GBX 735 ($9.60) target price on shares of Lancashire in a research note on Monday, November 11th. Shore Capital restated a hold rating on shares of Lancashire in a report on Thursday, November 7th. UBS Group restated a buy rating on shares of Lancashire in a report on Friday, November 1st. Barclays reiterated an equal weight rating on shares of Lancashire in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upgraded Lancashire to a neutral rating and upped their target price for the stock from GBX 645 ($8.43) to GBX 700 ($9.15) in a report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 711.50 ($9.30).
Shares of LON LRE traded up GBX 3 ($0.04) during midday trading on Tuesday, reaching GBX 696 ($9.09). The company had a trading volume of 265,157 shares, compared to its average volume of 1,020,000. Lancashire has a one year low of GBX 556.50 ($7.27) and a one year high of GBX 749.50 ($9.79). The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 31.04. The firm’s fifty day moving average price is GBX 705.62 and its 200-day moving average price is GBX 697.83. The stock has a market cap of $1.41 billion and a PE ratio of 6,960.00.
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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