Lancashire (LRE) Receives “Sector Performer” Rating from Royal Bank Of Canada

Lancashire (LON:LRE)‘s stock had its “sector performer” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued on Tuesday, MarketBeat reports.

Several other research firms also recently commented on LRE. Shore Capital reaffirmed a “buy” rating on shares of Lancashire in a report on Thursday, November 2nd. Peel Hunt reaffirmed an “add” rating and issued a GBX 690 ($9.20) price objective on shares of Lancashire in a report on Thursday, November 2nd. Numis Securities reaffirmed a “hold” rating and issued a GBX 775 ($10.33) price objective on shares of Lancashire in a report on Thursday, November 2nd. raised shares of Lancashire to a “buy” rating and upped their price objective for the company from GBX 683 ($9.11) to GBX 863 ($11.51) in a report on Monday, November 6th. Finally, Morgan Stanley upped their price objective on shares of Lancashire from GBX 630 ($8.40) to GBX 716 ($9.55) and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 692.43 ($9.23).

Lancashire (LON LRE) traded down GBX 2.47 ($0.03) during mid-day trading on Tuesday, hitting GBX 702.03 ($9.36). 452,531 shares of the stock traded hands, compared to its average volume of 721,443. Lancashire has a fifty-two week low of GBX 608 ($8.11) and a fifty-two week high of GBX 773.50 ($10.31).

In other news, insider Peter Clarke bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of GBX 746 ($9.95) per share, for a total transaction of £223,800 ($298,360.22).

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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.

Analyst Recommendations for Lancashire (LON:LRE)

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