Lancashire Holdings Limited (LON:LRE) Rating Reiterated by J P Morgan Chase & Co

Lancashire Holdings Limited (LON:LRE)‘s stock had its “underweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday, November 8th. They presently have a GBX 690 ($9.20) price target on the stock. J P Morgan Chase & Co’s price target suggests a potential downside of 2.06% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Shore Capital restated a “buy” rating on shares of Lancashire in a research note on Thursday, July 27th. Peel Hunt raised their price target on shares of Lancashire from GBX 725 ($9.67) to GBX 760 ($10.13) and gave the stock an “add” rating in a research note on Tuesday, July 25th. Credit Suisse Group began coverage on shares of Lancashire in a research note on Tuesday, July 18th. They set an “underperform” rating and a GBX 610 ($8.13) price target for the company. Numis Securities Ltd restated a “hold” rating and set a GBX 775 ($10.33) price target on shares of Lancashire in a research note on Thursday, July 27th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 635 ($8.47) price target on shares of Lancashire in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Lancashire currently has an average rating of “Hold” and an average price target of GBX 692.43 ($9.23).

Shares of Lancashire (LON:LRE) traded up GBX 0.50 ($0.01) on Wednesday, reaching GBX 704.50 ($9.39). 498,809 shares of the company’s stock were exchanged, compared to its average volume of 723,281. Lancashire has a 1 year low of GBX 608 ($8.11) and a 1 year high of GBX 773.50 ($10.31).

In related news, insider Peter Clarke purchased 30,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average price of GBX 746 ($9.95) per share, with a total value of £223,800 ($298,360.22).

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About Lancashire

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.

Analyst Recommendations for Lancashire (LON:LRE)

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