Lancashire (LRE) Coverage Initiated at Berenberg Bank

Investment analysts at Berenberg Bank began coverage on shares of Lancashire (LON:LRE) in a research note issued on Wednesday. The brokerage set a “sell” rating and a GBX 600 ($8.08) price target on the stock. Berenberg Bank’s price target indicates a potential downside of 9.64% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Shore Capital Group restated a “buy” rating on shares of Lancashire in a research note on Thursday, November 2nd. Stockdale Securities restated an “add” rating and set a GBX 800 ($10.77) price target on shares of Lancashire in a research note on Monday, November 6th. Citigroup reiterated a “neutral” rating and issued a GBX 635 ($8.55) target price on shares of Lancashire in a research note on Thursday, October 26th. Peel Hunt reiterated an “add” rating and issued a GBX 690 ($9.29) target price on shares of Lancashire in a research note on Monday, October 9th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 625 ($8.41) target price on shares of Lancashire in a research note on Wednesday, September 27th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Lancashire currently has an average rating of “Hold” and an average price target of GBX 689.57 ($9.28).

Shares of Lancashire (LRE) traded down GBX 0.97 ($0.01) during trading hours on Wednesday, reaching GBX 664.03 ($8.94). The company’s stock had a trading volume of 456,070 shares, compared to its average volume of 589,927. Lancashire has a 12 month low of GBX 608 ($8.18) and a 12 month high of GBX 773.50 ($10.41).

In other Lancashire news, insider Peter Clarke acquired 30,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was purchased at an average price of GBX 746 ($10.04) per share, for a total transaction of £223,800 ($301,211.31).

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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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