Lancashire (LON:LRE)‘s stock had its “add” rating reiterated by research analysts at Peel Hunt in a research note issued on Wednesday.
Other equities analysts have also issued research reports about the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 675 ($8.82) price objective on shares of Lancashire in a report on Monday, December 10th. Numis Securities decreased their target price on shares of Lancashire from GBX 735 ($9.60) to GBX 705 ($9.21) and set a “buy” rating for the company in a research note on Tuesday, February 5th. UBS Group reiterated a “buy” rating on shares of Lancashire in a research note on Wednesday, January 16th. Canaccord Genuity increased their target price on shares of Lancashire from GBX 665 ($8.69) to GBX 725 ($9.47) and gave the stock a “buy” rating in a research note on Monday, February 18th. Finally, Barclays increased their target price on shares of Lancashire from GBX 618 ($8.08) to GBX 676 ($8.83) and gave the stock an “equal weight” rating in a research note on Monday, February 18th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Lancashire has a consensus rating of “Buy” and an average price target of GBX 669.91 ($8.75).
Shares of LRE stock opened at GBX 658.50 ($8.60) on Wednesday. The stock has a market cap of $1.30 billion and a price-to-earnings ratio of 35.21. Lancashire has a 1 year low of GBX 505 ($6.60) and a 1 year high of GBX 667.50 ($8.72). The company has a debt-to-equity ratio of 30.42, a quick ratio of 0.87 and a current ratio of 1.28.
In other news, insider Elaine Whelan sold 1,334 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of GBX 650 ($8.49), for a total transaction of £8,671 ($11,330.20).
Lancashire Company Profile
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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