Lancashire (LON:LRE) had its price objective hoisted by Barclays from GBX 731 ($9.55) to GBX 758 ($9.90) in a report issued on Wednesday morning, Stock Target Advisor reports. Barclays currently has an equal weight rating on the stock.
Other analysts also recently issued research reports about the company. UBS Group reissued a buy rating on shares of Lancashire in a research note on Friday, November 1st. Canaccord Genuity reissued a hold rating and issued a GBX 735 ($9.60) price target on shares of Lancashire in a report on Monday, November 11th. Peel Hunt restated a hold rating on shares of Lancashire in a research note on Tuesday, November 19th. Royal Bank of Canada increased their price objective on shares of Lancashire from GBX 775 ($10.13) to GBX 800 ($10.45) and gave the company an outperform rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upgraded shares of Lancashire to a neutral rating and lifted their price objective for the company from GBX 645 ($8.43) to GBX 700 ($9.15) in a research report on Monday, November 11th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 714.20 ($9.33).
Shares of Lancashire stock opened at GBX 713 ($9.32) on Wednesday. The company has a market capitalization of $1.44 billion and a price-to-earnings ratio of 7,130.00. 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 stock’s 50-day simple moving average is GBX 708.73 and its 200-day simple moving average is GBX 703.80. Lancashire has a 52 week low of GBX 556.50 ($7.27) and a 52 week high of GBX 758 ($9.90).
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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