Several other brokerages have also commented on LRE. raised shares of Lancashire to a buy rating and upped their price target for the stock from GBX 683 ($9.44) to GBX 863 ($11.92) in a research report on Monday, November 6th. Royal Bank of Canada reaffirmed a sector performer rating on shares of Lancashire in a research report on Tuesday, November 28th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Lancashire in a research report on Thursday, November 16th. Numis Securities upgraded shares of Lancashire to an add rating and set a GBX 775 ($10.71) price objective for the company in a research note on Thursday, February 15th. Finally, Morgan Stanley boosted their price objective on shares of Lancashire from GBX 630 ($8.70) to GBX 716 ($9.89) and gave the stock an equal weight rating in a research note on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Lancashire has a consensus rating of Hold and a consensus price target of GBX 686.92 ($9.49).
Shares of LON:LRE traded up GBX 17 ($0.23) during trading on Monday, reaching GBX 580 ($8.01). The stock had a trading volume of 940,040 shares, compared to its average volume of 1,020,000. The firm has a market cap of $1,150.00 and a PE ratio of -2,230.77. Lancashire has a fifty-two week low of GBX 542.50 ($7.50) and a fifty-two week high of GBX 773.50 ($10.69).
In related news, insider Samantha Hoe-Richardson bought 1,409 shares of the firm’s stock in a transaction that occurred on Monday, February 19th. The stock was purchased at an average price of GBX 568 ($7.85) per share, for a total transaction of £8,003.12 ($11,057.09). Also, insider Peter Clarke bought 16,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of GBX 567 ($7.83) per share, with a total value of £90,720 ($125,338.49).
Lancashire Company Profile
Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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